The much-discussed New York mansion owned by actors Catherine Zeta-Jones and Michael Douglas has seen another price reduction, signaling a continued effort to divest the sprawling property. This latest adjustment, following previous significant cuts, comes as the couple appears to be re-evaluating their extensive property holdings.
Recent reports indicate the couple has again lowered the asking price for their Westchester County estate, a move made over a year after it was initially listed for $12 million. Public records and news outlets detail the property, an eight-bedroom, ten-bathroom home built in the 1920s, situated on 12 acres with features including a 100-foot terrace overlooking the Hudson River, an indoor pool, gym, and multiple kitchens.
The sale of the New York property has been a protracted affair, with initial listings occurring in 2024. The couple has reportedly reduced the price by $2.25 million and then by another $2 million in subsequent attempts to find a buyer. This persistent effort to sell underscores a potential broader shift in their real estate strategy.
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The couple, known for their significant property portfolio, has previously spoken about owning multiple homes. Zeta-Jones herself has characterized their collection, which includes properties in New York, Canada, and Spain, as "very comfortable" and "not excessive," despite acknowledging it sounds "very jet set." This includes a noted estate in Majorca, Spain, which Douglas has owned for decades.
Their decision to sell the New York residence appears linked to their adult children having moved out, freeing the couple to "spend more time elsewhere," as Zeta-Jones previously stated to The Wall Street Journal. The sale also represents a potential substantial profit, as the couple reportedly purchased the home for around $4.5 million in 2019.
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Rumors regarding a potential "quiet division" of their property portfolio have also surfaced in early 2025, though official confirmation remains absent. This speculation, coupled with the ongoing sale of their New York estate, points to a period of strategic real estate recalibration for the celebrity couple.
