After a protracted six-year saga and over $8 million in price reductions, retired baseball star Derek Jeter has finally found a buyer for his lakefront estate in Greenwood Lake, New York.
According to reports from Mansion Global, the 4-acre estate located in Greenwood Lake, approximately 50 miles northwest of Manhattan, had been intermittently on the market for a duration of six years before entering into a sales agreement. Derek Jeter, who had initially listed the property for $14.75 million in 2018, later adjusted the asking price to $6.5 million, following several price reductions. An attempt to auction the castle in 2022 was unsuccessful.
This month, the castle returned to the market with a dramatically reduced asking price of $6.3 million. As of Thursday, it was marked as a pending sale. Details about the buyer and the final sale price will be disclosed once the deal is officially closed.
The castle of king Derek Jeter
As reported by Mansion Global, the expansive 9,000-square-foot home is situated on a four-acre estate less than 50 miles from New York City, offering panoramic lake views. Derek Jeter’s property had undergone a meticulous restoration, described as having been “lovingly restored beyond its original grandeur.”
In addition to the main residence, the Derek Jeter estate features a guesthouse, a pool house, a boathouse, an infinity edge pool, a private lagoon, a stone waterfall, and even a replica of the Statue of Liberty.
The estate boasts a medieval aesthetic with its imposing tower and battlements, including multiple kitchens, a sunroom, an office, a game room, a formal dining room, and a family room with a bar. According to the listing, “extensive lake views await you from most of the rooms as well as from both turrets and the rooftop.”
Despite incorporating modern amenities, the castle-like home preserves its distinctive character with wood paneling, beamed ceilings, and iron chandeliers, evident in available photographs.
Derek Jeter, now 49 years old, acquired the property in 2003 for $425,000 and subsequently invested nearly $3 million in renovations. The former Yankees captain has deep-rooted connections to the castle, as his grandfather, William “Sonny” Conners, was adopted by its former proprietors.
Records indicate that a limited liability company associated with Derek Jeter, who spent his entire two-decade career with the New York Yankees, acquired the estate in the early 2000s in several transactions, though the total amount paid remains unclear.
Diane Mitchell of Wright Bros. Real Estate, the listing agent, described the “magical property” as having been “lovingly restored beyond its original grandeur.” She declined to comment further on the pending sale.
This transaction concludes Derek Jeter’s real estate presence in New York, where he thrilled Yankees fans for two decades. It represents the second high-profile property he has parted ways with in recent years, signaling a transition into his broadcasting career.
In May 2021, he sold his 31,000-square-foot mansion in Tampa, Florida, known as “St. Jetersburg,” for $22.5 million. The custom-built seven-bedroom home, completed in 2012, was once rented by Tom Brady and Gisele Bündchen.
Currently, Derek Jeter resides primarily in Florida, near Miami, with his wife, Hannah, and their four children. In 2021, he purchased a 2-acre waterfront property in Coral Gables for $16.6 million.
A representative for the 49-year-old Derek Jeter did not immediately respond to a request for comment on the pending sale of the castle.
What do you think? Leave your comment below.
