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Real estate prices aren’t often slashed by 50%. And $14 million price cuts are particularly uncommon. But Howard Sosin—co-founder of AIG Financial Products and a former Columbia Business School associate professor—probably knows his math.

The 10-bedroom megamansion was originally listed for $28.5 million in 2018, so the $14,995,000 price drop should make deep-pocketed buyers sit up and take notice.

Still, Sosin snapped up the nearly 18,000-square-foot palace in 1990 for just $5 million, so he’ll probably do just fine—even if he sells it at a drastically reduced price.

The home is truly spectacular, with its water views, six levels, heated outdoor pool, marble-lined indoor pool, and guesthouse.

It likely will appeal to the high-rolling money managers and white-shoe law-firm partners who live in (or aspire to move to) this very tony section of Fairfield, CT. Even at the lowered price, the home is still Fairfield’s most expensive listing. Feast your eyes!

A two-story portico crowns the entry.

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The back view looks like the patio of a boutique hotel.

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This is a rather petite living room for such a huge home.

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Behold the beautifully outfitted kitchen.

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Dinner for many? Not a problem here!

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Designed by architect Roger Ferris, the estate sits on 2.5 acres. It boasts six levels of living space, with views of the Southport Harbor.

Marble flooring and a circular staircase greet visitors at the front door. The marble continues in the kitchen, dining room, living room, family room, and library.

The main bedroom suite has dual bathrooms, a fireplace, sitting area, two studies, and dressing rooms.

But the fun really begins on the mansion’s lower levels, where a cabana room, an office, a wine cellar, sauna, and gym await.

And there’s more! On the floor below, there’s a squash- and basketball-court combo, plus a dance studio.

The primary bedroom has its own fireplace.

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The main bedroom features dual bathrooms.

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Stroll through a garden that rivals those of kings.

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Enjoy the heated pool with spa.

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And there’s an indoor lap pool.

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Take in views of the sound and golf course.

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Finally, a 75-foot-long pool sparkles beneath a glass roof. And if every room in the main house is occupied, spillover guests can enjoy the two-bedroom, two-bath guesthouse. The space includes a living area, kitchen, and two-car garage.

The post Looking For a Half-Price Mansion? Behold This Financial Guru’s Magnificent Connecticut Estate appeared first on Real Estate News & Insights | realtor.com®.