Catherine Zeta-Jones & Michael Douglas Selling Irvington Home For $12M

IRVINGTON, NY — "Wall Street's" Gordon Gecko has a deal you are going to want to get in on.

If you've had your eye on the gorgeous estate on Fargo Lane, owned by Michael Douglas and Catherine Zeta-Jones, in Irvington's exclusive Matthiessen Park area, your chance is finally here because the celebrity couple put their home on the market this week.

The gated estate is composed of parts of estates previously owned by Charles Lewis Tiffany, founder of Tiffany & Co., and the Matthiessen family of sugar merchants, according to the Wall Street Journal.

The listing, by David Turner of Compass, describes "Longmeadow" as "a classic Hudson River estate. Set amid 12 acre of open property, the house is perfectly positioned to capture the beauty of the land an water. Painstakingly restored in a modern aesthetic, the interior design is coool, comfortable, and quite simply stunning."

According to the listing, the 8-bed, 12-bath, 11653-sq.-ft., Georgian-style, brick and stone home built in the 1920s has four levels, a 30-foot gallery leading to public rooms, a study with a fireplace and a two-story library, a first floor loggia that opens to a 100-foot outdoor terrace that faces west towards the river, and an "elegant" staircase that leads to the garden. The lower level has recreation and play rooms, a gym, a summer kitchen, a full bath and a 21-foot heated indoor pool.

"There's a blend of formal and informal rooms," Turner told the New York Post. "There's a family room next to the kitchen, which many of these old mansions don't have."

"Longmeadow is a spectacular property — a true Hudson River estate. The owner has done a masterful job in renovating the house in a cool, comfortable and modern aesthetic that preserves its original grandeur and integrity," he told the paper.

The home was recently in the news when Zeta-Jones and Douglas threw a campaign fundraiser for President Biden in April, where guests paid up to $100,000 to attend.

SEE ALSO: Biden To Visit Irvington For Campaign Fundraiser

According to property records, Zeta-Jones purchased the home for $4.5 million in August of 2019.

"When I purchased our Irvington home I knew our family would share many happy times here, and we have!" Zeta-Jones told The Wall Street Journal. She added that since both of the couple's children have left the nest, the time felt right to sell the property.

"Michael and I plan to spend more time in Bermuda and Europe," she added.

Annual taxes are estimated to be $197,985 and the property is zoned to the Irvington Union Free School District.

The couple previously lived in Bedford where they purchased a home on West Patent Road for $11.25 million in 2014, and later sold it in 2019 for $20.5 million, according to property records.

Prior to that, the couple lived in a Bedford home on Guard Hill Road, which they purchased for $5 million in 2010 and sold for $7.5 million in 2014, according to property records.

SEE ALSO: Michael Douglas and Catherine Zeta-Jones Buy Palatial Bedford Estate