Classic Cheltenham Fixer-Upper Price Drops to $11 Million

Lynnewood Hall

Current price represents a 50% drop from the original ask.

The demise of Lynnewood Hall off of Ashbourne Road in Cheltenham has inspired many a sad story and outcry. The genuinely stately mansion even has its own Facebook page where those who truly appreciate its history can commiserate over its fate.

The Widener family completed this grand expression of success in 1900, eventually packing it with one of the world’s finest collections of art.

Designed by Horace Trumbauer, the estate enjoyed a relatively short hey-day. By the time of the Great Depression, the decline had already begun. It would eventually become a seminary and then land in the possession of Dr. Richard S. Yoon and his First Korean Church of New York.

Lynnewood Hall was put on the market about two years ago with a price topping $20 million. Current taxes on the property would be more than $120,000 per year were it not currently owned by a non-profit.

The new owner can wander around in its 110 rooms and have enough space to stage the most lavish house warming in the western hemisphere if they have any money left over after renovations, which would surely cost tens of millions of dollars.

In bit of ominous foreshadowing, the Zillow listing describes the property as “vacant land”.

What might you do to save this amazing piece of our heritage?

We have no stake in this sale.