The price of Lynnewood Hall keeps dropping.
The Horace Trumbauer estate in Elkins Park recently took its second price cut and is now listed for $17.5 million – $2.5 million less than its first asking price last July.
Still, the 110-room mansion needs an estimated $50 million in repairs. No photos of the interior have been provided.
The historic estate, which Trumbauer built around 1900 for the Widener family, is currently owned by Richard Sei-Oung Yoon, a New York urologist and pastor of a Korean church.
Yoon tried to have the 34-acre property rezoned as a tax-exempt church, but was shot down by the U.S. Supreme Court in October 2013. He bought the property at a sheriff's sale in 1996.
The property is considered the largest surviving Gilded Age mansion in the Philly region. It has 70,000-square-feet of living space with more than 50 bedrooms and bathrooms. A ballroom, wine cellar, and pool are among the estate’s features.
The listing has been updated to market to “developers to convert [the estate] into a hotel, business, campus or retail/housing condos.”
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