Rohit Baniwal, writer
Derek Jeter sold his Orange County, N.Y., compound for less than half its original price after years of trying.
Tiedemann Castle, a four-acre lakefront property in Greenwood Lake, N.Y., fell into contract on May 25, two years after it failed to sell at auction and six years after the Hall of Fame shortstop listed it for more than $14 million. This year, the asking price dropped to $6.3 million, and the deal is pending.
Diane Mitchell of Wright Brothers Real Estate, the listing agent, said she was “thrilled” to put it under contract but would not discuss the terms. The listing says the estate has a main home, guesthouse, pool house, and boat house on three parcels. At almost 12,500 square feet, it features six bedrooms and 13 bathrooms.
Built over a century ago, the home has grand features. Five kitchens (four indoor, one outdoor), a lagoon, a baseball diamond-shaped infinity pool, a game area, and turrets. Compared to a mediaeval castle
At the height of his baseball career, Mr. Jeter bought the property in the early 2000s. In June 2018, he listed it for $14.25 million. It went to auction in 2022, and Ms. Mitchell, the listing agent then, claimed “the owner is serious about selling because the owner spends most of his time at other family-owned homes.” After the $6.5 million auction failed, the property was advertised again last month.
In recent years, Mr. Jeter has reshaped other areas of his real estate business. He offered his custom-built, 30,875-square-foot Tampa estate for $29 million in 2020. It sold for $22.5 million the following year, making it the region’s most expensive residence. The Tampa Bay Times claimed last year that the home would be removed and rebuilt with a mansion.
The estate is sentimental to Mr. Jeter, who was born in Pequannock Township, N.J., and raised in Michigan. The future Yankee captain spent summers at the property, according to Ian O’Connor’s 2011 book, “The Captain: The Journey of Derek Jeter.” His grandfather, William “Sonny” Connors, was the adopted son of John and Julia Tiedemann, who owned it. Mr. O’Connor noted that he “was not looking for a chance to swim as much as he was looking for a partner in a game of catch.”
Source : New York Times
