Cornell Alumnus’ Sprawling Mega-Mansion Listed for Fraction of Rumored $32 Million Construction Cost; Features Breathtaking Mohawk River Frontage; Minutes from Saratoga Race Course, Adirondack Mountains and Booming Nanotechnology Businesses
ALBANY, N.Y., Oct. 2 /PRNewswire/ — One of the most famous “family castles” in New York’s Tech Valley was placed on the market yesterday for $12.9 million, a regional MLS record.
Llenroc Estate, a 20,000+-square-foot Mega-Mansion in Saratoga County in upstate New York, has been listed by The Chad Perkins Team, RE/MAX Champions, New York state’s number one RE/MAX team.
Nestled on more than 12 sculpted acres with direct Mohawk River frontage with access to the Erie Canal, the ornate castle was constructed in 1992 by insurance magnate Albert Lawrence, who modeled the elaborate home after the campus center at Cornell University, his alma mater. Llenroc’s name is Cornell spelled backwards.
Following Lawrence’s death in 2002, the breathtaking mansion was purchased in 2003 by commodity trader Joseph Costello. Recent empty nesters, he and his wife have decided to sell the estate and move west.
“The rumored price to build this magnificent home was $32.5 million,” said RE/MAX’s Chad Perkins. “The asking price is just a fraction of the original construction cost and represents a once-in-a-lifetime opportunity for someone seeking an elegant upstate New York family home or summer retreat just minutes from Saratoga Race Course, Saratoga Performing Arts Center, the Edison Golf Club, Schenectady Yacht Club and the Adirondack Mountains.”
The eye-catching estate, which is surrounded by mature apple orchards and just a short drive from GE Selkirk, GE’s Global Research Center in Niskayuna and a stone’s throw from the region’s rapidly evolving nanotechnology business
center (International Sematech lies to the south in Albany and Advanced Micro Devices’ planned plant is slated to be built in Malta to the north), boasts five bedrooms, seven full and three half baths.
Crafted from 1,200 tons of Ithaca’s Llenroc Stone (the same material used to construct the Llenroc dormitory at Cornell University), the elegant home has a first floor master suite with his and her bathrooms, 15 fireplaces, $3.5 million worth of imported Scandanavian marble flooring, hundreds of unique hand-painted Portuguese tiles, a formal dining room featuring 24 karat gold gilded ceilings and moldings, walnut design inlaid hardwood floors, miles of mahogany moldings, a five-floor glass elevator, four galleries, and a servant’s kitchen with its own elevator.
Other distinguishing features likely to capture the interest of a buyer in search of a fairy tale home in the Empire State include: a sailboat-shaped indoor pool with separate hot tub, a four-story solarium encased by a teak balcony, a mermaid bar with see-thru views of the pool, sauna, a radiant-ready heated pavers stone driveway, and dancing opera, water and tulip fountains.
Perfect for year-round entertaining, the enchanting estate also offers sweeping terraces with Adirondack Flagstone, limestone and granite for memorable outdoor parties, a 12+ car underground garage, a private area to land a helicopter, and is easy accessed by the Adirondack Northway (I-87) and just minutes from a regional airport with private jet access.
“People who construct these kinds of dream properties rarely sell them,” noted Perkins. “Why build when you can walk right into it?”
There is guarded security and no trespassing is allowed. Trespassers will be prosecuted.
For more information about the property, call RE/MAX Champions at (518) 879-9126, or visit www.IMCHAD.com.
SOURCE The Chad Perkins Team
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