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What do you get when you drop a Beverly Hills-style mansion into Bucks County, PA?
While that premise sounds like the setup to a joke, it was serious business. This one-of-a-kind housing development was dreamed up in the 1980s by the comedian Joan Rivers, her husband, Edgar Rosenberg, and their building partner, Thomas Pileggi.
The showbiz couple and Pileggi—a local developer who had financed one of their movies—envisioned a sort of Hollywood East, with a movie studio, housing, and golf course.
Their posh property was to be the initial home in a master planned luxury development that would be called “Two Ponds.” But the community never came to be, due to a protracted legal battle over zoning issues, according to the Philadelphia Inquirer.
In the midst of the home’s construction, Rosenberg died by suicide in 1987. The residence was eventually completed, but Rivers never moved in. It later sold for approximately $1 million to another owner, who proceeded to pour more money into it and further customize the interiors.
The residence, in the unlikely locale of Warminster, PA, was built to resemble a Beverly Hills estate and appropriately, sits on Beverly Hills Road. Now, the 12,500-square-foot mansion has come back on the market for $2.3 million.
Even though Rivers never moved in, the massive mansion, about 20 miles north of Philadelphia, has garnered a lot of attention because of its connection to her. Last year, the place was the most viewed home on Realtor.com when it popped up on the market for $2.7 million.
Now, decades after being built as ritzy real estate, its once-elaborate landscaping is overgrown, and the listing notes that the place is in need of improvements.
Realtor.com
Realtor.com
Realtor.com
Realtor.com
The $400,000 price slice is a nod to the once upscale dwelling’s current state. A buyer must be prepared for a massive makeover.
“The estate is in need of renovations, and the price reflects the condition of the property. The property sold as-is,” the listing states.
Pileggi estimates that anywhere between $500,000 to $1 million is needed to update the home, which is likely to have been the reason potential buyers stayed away.
“I designed it for them,” Pileggi tells us, while adding that he built it exactly to Rosenberg’s specs. “He told me what he wanted. He wanted a big house. And it has an indoor swimming pool. And it has five fireplaces. Beautiful house. It’s a shame they never moved in.”
He notes that the house is built to last, with thicker than normal walls and solid brick construction.
Set on 10 secluded acres, the floor plan includes seven bedrooms and 6.5 bathrooms, plus an indoor pool. There’s also a celebrity-approved, 2,000-square-foot master suite with dual bathrooms, a sauna, and a steam room.
Pileggi says that back when he built the home, around $100,000 was spent on landscaping. Now overgrown, the acreage still boasts lush greenery, mature trees, and a private pond.
The property is set behind a gated driveway. As with a California-style design, the living area includes sets of glass doors that access the yard. Natural light floods in from multiple skylights. A foyer features a decorative tile floor and double staircase.
Other luxury elements include a double-sided fireplace, an office, formal dining room, and multiple sitting areas.
Printed wallpaper covers the walls, chandeliers hang from the ceilings, and layers of heavy drapes cover the windows, adding to the outdated look.
Rivers certainly moved on to showcase a lavish taste in real estate. The opulent triplex penthouse in New York City where she lived for almost 30 years recently came on the market for $38 million.
Pileggi recalled that decades after their plans for the development fell through, Rivers returned to see the Pennsylvania property where she never lived, in a community that never materialized.
“Joan came up to see me a year before she died,” Pileggi says. “She asked to drive through. But she didn’t want to go inside.”
He adds, “It was a beautiful home, and it can be a beautiful home again.”
Lu Roziner with Dan Real Estate holds the listing.
The post Pennsylvania Mansion Built for Joan Rivers Returns to Market for $2.3M appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/pennsylvania-mansion-built-for-joan-rivers-returns-to-market-for-2-3m/
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