The Michelle Pais Group Signature Realty NJ
"The White House of Englewood" is on the market for $10 million.
- An eight-bedroom, 14-bath mansion is back on the market with a 75% discount from its original list price, reports the New York Post.
- The property, known as Gloria Crest Estate, was first listed for $39 million in 2013. Today, it has a sticker price of $10 million.
- The mansion - nicknamed "The White House of Englewood" - was built in 1926 by Polish royalty. The estate includes a home theater and an infinity pool.
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One of New Jersey's most expensive homes now is 75% off.
According to recent reporting from the New York Post, the 1920s home - once listed for $39 million - is back on the market with a sticker price of $10 million. The home experienced several price cuts over the past five years, previously lowered to $24 million, $17 million, and $12 million. Located in Englewood, New Jersey, the property is just five miles from Manhattan.
The eight-bedroom, 14-bath home sits on five acres of private property and includes a home theater and gym, along with several spiral staircases. The mansion is the latest on a long list of real-estate price cuts this year, including an empty LA hilltop plot and a Florida vacation home.
Business Insider's Katie Warren previously reported people aren't buying mansions in Greenwich, Connecticut, another wealthy ZIP code not far from Manhattan. Additional reporting from Warren shows that millennials, unlike baby boomers, are not interested in owning large homes.
Keep reading for a look at Gloria Crest Estate.