From NJ.com:
Derek Jeter’s Greenwood Lake ‘castle’ back on the market at drastically reduced price
Known locally as “the castle” on Greenwood Lake, Derek Jeter’s longtime lake house near the New York-New Jersey border is back on the market at a drastically reduced price.
Listed last week for $6.3 million, the home was previously marketed at nearly $15 million. The property, dating to 1903, has been linked to Jeter’s family for more than 70 years.
The former New York Yankees shortstop took ownership of the property in the early 2000s from the Tiedemann family trust. The existing home had been partitioned into apartments and was in a state of disrepair.
The property was originally built by a New York City doctor, Rudolph Gudewill, for his wife in 1903. Jeter’s grandfather, William Connors, lived on the property after he was adopted by John and Julia Tiedemann, who bought the site in 1952.
A transformation under Jeter’s ownership developed the three-parcel estate with a main house, a guest house, a pool house and a boat house. The grounds hold an infinity pool, intricately manicured gardens and a lagoon and are bordered by 6-foot-high stone walls. Located on the western side of Greenwood Lake, the roughly 4-acre site also includes 700 feet of lakefront.
The stone home at 14 Lake Shore Road in the Town of Warwick, N.Y., is defined by two turrets that give it its castle nickname. There are also two conference rooms, six bedrooms, 13 bathrooms and five kitchens. Four are indoors. One is outdoors and comes with a wood-burning fireplace, says an online listing from Wright Bros. Real Estate Inc. The annual property taxes are roughly $75,000, the listing says.
Jeter, who grew up in Kalamazoo, Mich., was born in Pequannock at Chilton Memorial Hospital. For a short time after, he lived in North Arlington.
Pretty damn cool.
https://www.zillow.com/homedetails/14-Lake-Shore-Rd-Greenwood-Lake-NY-10925/31868445_zpid/?
At first, I thought maybe it was recent purchase (within a decade) and he’d lose money but then I read it was in the family for 70 years. I didn’t know about Jeter’s ancestors. That in itself is a cool story.
For you non-NASCAR fans; last night after the race:
https://twitter.com/i/status/1792379746770473445
The above was because of this:
https://twitter.com/i/status/1792354521097642289
Shows a $1.2m purchase in January of 2005, sounds like it was in significant disrepair at the time. There are some more articles that say $425k in 2003.
This interesting snippet includes a comment that says that Jeter spent $3m just on the stone for the renovation:
http://www.dupontcastle.com/castles/tiedeman.htm
Iran blames the USA for the death of their President in a fiery helicopter crash. Actually he forced his pilot to fly him in foggy and snowy conditions and they crashed into the side of a mountain at 7200 ft elevation.
Lesson is don’t fly in a 30 year old Helicopter. The Bell 212 Huey was manufactured from 1968 -1997.
Speaking of Jeter. He sold his 30,000 sq ft custom home in Tampa somewhat of a loss. Was listed at 29 million and sold for 22 million.
The Florida based developer who bought it is about to knock it down. I gather he is not a die hard Yankee fan or fan of Jeter’s taste in design.
Gold and Silver still climbing in price. What does it mean? A hedge? More inflation to come? Oil is over $80/barrel, too.
Just seems like inflation going to work, imho…
Fast Eddie says:
May 20, 2024 at 10:50 am
Gold and Silver still climbing in price. What does it mean? A hedge? More inflation to come? Oil is over $80/barrel, too.
Fast: Inflation is in your imagination, and recessions are a thing of the past. Ya just gotta believe.
Inflation is at 3.6%, it’s under control now bro.
I guess black mamba Kobe Bryant story was embargoed in Iran as well as modern helicopters.
So what’s the story, plowed into the side of a foggy mountain in that 50 year old helicopter? It was old tech, but I can’t imagine it wasn’t at least a well maintained aircraft.
Per Wiki, Iran has an airline so TTCAS MCAS type systems are available inside Iran.
It’s crazy to think they had an VFR pilot just jump into the front seat and shuttle around the whole Iranian cabinet. On the other hand, it’s not like a competent pilot would file and fly IFR flight plan in 0/0 conditions.
VIX is stupid cheap @ $12. I think this time I’m going to buy instead of just commenting.
Viniculture from FlabMax:
https://grapecollective.com/articles/through-a-glass-darkly-confronting-the-nazi-legacy-of-dr-zweigelt-and-the-impact-on-growers-and-impo?mc_cid=68a2ffbce3&mc_eid=66ab1cdd24
Grim – “well maintained”
Cannot get parts due to sanctions. That Heli was apparently from the 1970s too. PT6 Pratt and Whitney single engine designed in 1963. We are talking old school stuff, mechanical fuel controls on a turbine engine. They last Iranian who knew how to maintain it probably died of old age. Old Paper maintenance manual probably when in the garbage when they cleaned out his workshop.
Literally next to no visibility due to fog however, and flying with a full load. It looks like it smashed into the mountain in bad weather like Kobe…. Altimeter on a steep mountain can fool ya based upon pressure and density flying over 8,000 ft.
BTW speaking of sanctions.
Russia kept 400 commercial aircraft it did not own, they are saying they have to ground those Boeings and Airbus in less than two years before they start falling out of the sky do to lack of maintenance and parts. Russia is trying to build a new homegrown fleet of 600 medium range jets to replace them.
Juice,
My investment club owns AirLease. Many of those planes belonged to them. The Russians straight up stole them. Obviously, no one will ever lease Russia a plane again. I hope everyone enjoyed the Putin interview.
In other news about how the rich don’t hide money in foreign bank accounts.
Exhibit A: Trump’s former campaign Chairman.
https://www.reuters.com/article/idUSKBN1KT123
You are all being duped!
It’s a tit for tat thing. Europe went on a yacht confiscation spree with anything Russian owned.