Leona Helmsley's "Cursed Mansion" on Market for $65 Million

Posted by Steph Kaye on Friday, July 25th, 2014 at 11:05am.

Dunnellen Hall

521 Round Hill Road in Greenwich- Dunnellen Hall is "among the most famous of the back country's 13 [great] estates," the New York Times has said. It's the "ultimate" location on "the most famous street" in the "best town in Connecticut". Bombshell Lana Turner once lived there; so did figure skater Sonja Henie. It's also famous for the misfortunes that happened to its onetime occupants over more than half a century. "It devours the people who buy it," one local told a Connecticut gossip columnist.

Mystery owners 

The current owners -- undisclosed -- bought Dunnellen Hall in 2010 from the estate of Leona Helmsley, the late hotelier and ex-con who seems destined to be known for all eternity as the "Queen of Mean." They must have been hoping to break a tradition of misfortune that has been linked to another infamous curse.

"When Louis Duff handled the sale of Dunnellen Hall in 1974, he had a conversation with the seller, Lynda Dick, whose 46-year-old husband had died of a heart attack while being driven home by his chauffeur.

"Mr. Duff, president of Duff Associates Inc., recalled that Mrs. Dick said: '"This house is like the Hope Diamond. It has brought bad luck to everyone who owned it."'

"At the time, Mr. Duff disagreed. But as he talked now about the troubles of the estate's other owners, he said, 'I wouldn't argue the point with her today.'"

Maybe the current owners considered it a stroke of good luck when they managed to acquire the estate for less than half the asking price -- after it had suffered the ignominy of perhaps "the biggest cut ever on a U.S. house".

But they kept it for less than a year before relisting it. They'd had "a change of plans," listing agent Jane Howard Basham told the Wall Street Journal rather cryptically in a recent article. It did not sell.

So they took the estate off the market to launch a three-year renovation that involved making the home smaller by "removing some wings of the house," Basham, of David Ogilvy & Associates (an affiliate of Christie's International Real Estate), told the Journal.

One of the elements that's gone, is the million-dollar marble dance floor that Leona Helmsley had installed over the pool. The dance floor -- and the home itself -- figured prominently in her 1988 trial, as one of the extravagant items she and her husband, Harry, were accused of fraudulently claiming as business expenses of their real estate and hotel empires. At age 80, he was found mentally unfit for trial, but she was convicted of tax evasion and sentenced to prison. She served about a year and a half.

The downsized Dunnellen Hall is now about 17,000 square feet, on the market for $65 million. It's considerably simplified and streamlined -- more graceful and tasteful, some would say.  "It is essentially an entirely new house, yet with the character of a bygone era,” David Ogilvy said.

The beginning of Dunnellen Hall

In 1918, Daniel G. Reid spent $1 million to build the estate as a wedding gift for his daughter, Rhea, and her groom, Henry J. Topping.

 Nowadays, people call Reid a "banking and steel magnate," but his contemporaries called him "tin plate king." He was a self-made man who by the age of 11 had left school to be a messenger at his hometown Indiana bank, working his way up to vice president.

He saved up to buy a small Indiana tin plate mill -- and in just three years had merged every tin plate company in the country into the American Tin Plate Company, making a fortune. He organized steel companies to ensure tin plate supplies, then eventually traded tin plate holdings for steel stock. He took control of the Chicago, Rock Island & Pacific Railroad in 1901.

In 1915 he resigned after being "charged with watering the stock of the road and looting it of millions". Congress investigated him, and the railroad faced bankruptcy. In the stock market, he was "known as one of the 'big insiders,' and was credited with manipulating the market in huge stock movements."

Although Reid's obituary said he "died in possession of a fortune estimated at from $40,000,000 to $50,000,000". He actually had almost a quarter-million dollars in debts, the Times said -- not including a $25,000 claim against the estate by James Savage, his attendant. Savage said that the job was dangerous "because Mr. Reid occasionally shot at him," and that the only reason Savage didn't quit was Reid's promise to bequeath him $25,000.

The Reid/Topping wild streak

Reid was married three times: to childhood sweetheart Ella Dunn, namesake of Dunnellen, who died at age 35 after 19 years of marriage; then to an actress who died four years later; then to a comedian who divorced him.

His family's residency at Dunnellen lasted until the middle of the century. And like Daniel Reid, his grandsons were known for a wild streak. A1968 Times story about Greenwich described Rhea Reid Topping as "the tinplate heiress and the mother of the sportsmen-playboys" and said the home "was the scene of many extravagant parties." A newcomers guide to Greenwich claims that the boys would ride motorcycles "up and down the grand staircase."

 

House leaves the family

In 1950, after Rhea Topping died, Dunnellen was sold for the first time: to Loring Washburn, the president of a company that made steel window frames, and his wife, insurance heiress Mary Buckner Royall. Those were happy days for a time, the newcomers guide says: She loved to entertain lavishly, with her party favors coming from Cartier jewelers.

Not surprisingly money problems plagued Washburn "almost immediately. Eventually, in 1963, a finance company seized the house. It sat vacant for several years, and locals started saying it was haunted.

Then in 1966, the land was purchased and subdivided, and in 1967 Gregg Sherwood Dodge Moran bought it. The former model-actress had been married to automobile heir Horace Dodge and "spent Dodge’s multimillion dollar fortune freely until, in 1961, he filed for divorce, telling friends, 'I can’t afford that woman anymore". (Horace Dodge died before the divorce went through -- and "although he had excluded her in his will and essentially died penniless, she successfully sued his mother for millions," the Daily News said.)

She moved in with her young new husband, a Bronx policeman and bodyguard (reportedly once to Nikita Khrushchev). They didn't stay long, selling the place for $1.3 million in 1968 to cattleman Jack R. Dick. That sale was a record-breaking amount, and one of the few bits of good luck for the Morans. Every business venture thereafter was a failure, according to acquaintances quoted in contemporary news accounts. They were arrested in June 1978 on charges of grand larceny, and in July 1978 were declared bankrupt. He fatally shot himself that year. She pleaded guilty to stealing from her son's trust fund.

'It was not a peaceful retreat'

Meanwhile, Dunnellen Hall had passed on to Dick, a "gentleman farmer" who made his fortune in cattle and intended to retire to the Greenwich mansion, which he'd made into a virtual museum for his collection of sporting paintings.

 

The house as it looked when Leona Helmsley's estate listed it after her death. Click any photo for a slideshow.

The house as it looked when Leona Helmsley's estate listed it after her death. 

"It was not a peaceful retreat," stated Dick. The company that bought his went bankrupt in 1971 and sued him. Then he was indicted on charges of falsifying financial and art documents. Forced to sell the beloved art collection. He also listed Dunnellen for sale.

 

But before the art sales were complete, before Dunnellen sold, before his legal entanglements were resolved, Dick was dead at 46. On a January day in 1974, he'd complained of a headache and taken two Bufferin. Later, on the way home in his limo, he'd clutched his chest and gasped, "Oh, that hurts".  He was taken to Greenwich Hospital and pronounced dead minutes later. It was then that his widow, who was in the limo with him, began comparing Dunnellen to the Hope Diamond and its curse.

The next owner was Ravi Tikkoo, an Indian oil-tanker magnate who reportedly paid the Dick estate $2 million for it (and $1 million for the furnishings) in 1974. Less than two years later, he'd listed it; his "fortune has since run aground". Offered at $2.75 million, it had attracted "no serious offers," and in 1980 he was still living there, throwing parties. But, soon Tikkoo was forced into bankruptcy in 1980-81 and sold to Harry Helmsley and his wife, Leona, in 1983. (He seems to have recovered nicely after the bankruptcy, however.)

The Helmsley era and beyond

The Helmsleys, the home's most notorious residents, paid $8 million for the house and $3 million for the furnishings. They quickly began pouring money into the property, ultimately spending another $8 million on renovations. A million went toward enclosing one of the two pools and installing their infamous pooltop dance floor. More than $100,000 bought an indoor/outdoor remote-controlled stereo system that was reportedly modeled on something Leona had seen at Disney World. As the world now knows, the renovations -- billed fraudulently as business expenses -- caught up with them, culminating in a splashy trial. 

After Leona Helmsley was released from prison, she returned to her frail husband and cared for him until he died in 1997. He left her his billion-dollar fortune, which she lived on until her own death at Dunnellen Hall in 2007, at age 87.

The future owners might just want to bear in mind one last odd bit of Dunnellen history. Separate from its illustrious residents, the house took a star turn of its own in a 1968 movie starring Kirk Douglas. Titled "A Lovely Way to Die."

If you are in the market for a new house and would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you. 

 Lang Premier Properties are Birmingham Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Max Broock in Birmingham, Michigan. See what past clients have to say about Stephanie Lang.  Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying a new luxury estate.


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