08/01/08 The estate may be purchased in whole or in part, with the mansion and 22 acres available for a minimum reserve price beginning at $15 million

This dog of a property would not sell at 31 Million so it's to be auctioned with a starting price of 15 Million.

Hillcrest Estate, Estate of the Day

Luxist

Another sign of real estate drama, a house up for sealed bid auction in posh Greenwich, Connecticut of all places. The owner, Stanley Cheslock, originally put the market on the home for $31 million in the usual manner but found that the current market was a bit stagnant.

The HIllcrest Estate features 26,000-square-foot mansion designed by Gilles Le Gorrec and built in 2003 as well as two carriage houses and 12-car capacity garage on 30 acres. The home has four master suites, guest suite and a service suite. There is a large kitchen that includes a wood-burning pizza oven, top-of-the-line appliances, separate accessories kitchen and a butler's pantry with walk-in refrigeration. The massive home has not one but two cathedral-ceiling living rooms that both open onto a 2,500-sq. ft. terrace. Other details include a 100-ft. central atrium, rooftop cupola with stunning Long Island Sound views, hand-crafted stained glass windows, iron-clad elevator, seven Rumsford fireplaces, multiple laundries....

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