Tuesday, July 12, 2011

Jerry Seinfeld Remodels and Lists Telluride Compound



SELLER: Jerry and Jessica Seinfeld
LOCATION: Telluride, CO
PRICE: $18,250,000
SIZE: 14,200 square feet, 11 bedrooms, 11 full and 3 half bathrooms

YOUR MAMAS NOTES: Anyone and everyone who has any knowledge of the New York City celebrity real estate scene knows that comedian, one-time sitcom star and syndication residuals bajillionaire Jerry Seinfeld, his wife Jessica and their three children live in a duplex apartment once owned by virtuoso violinist Isaac Stern at the fab and iconic Beresford building on Central Park West.

Many also know that Mister Seinfeld also owns a private garage/shop around the corner from the Beresford where the Porsche-collecting comedian keeps and maintains a rotating selection his well-regarded and valuable collection.

Those with real estate interests in the Hamptons also know that in May 2000 Mister Seinfeld shelled out $25,600,000 in two separate transactions–$16,000,000 and $9,600,000 respectively according to property records–to acquire the 8.47 acre ocean front spread in East Hampton, NY of notoriously peripatetic musician Billy Joel. Mister and Misssus Seinfeld went on to spend millions more on a full-scale renovation of the massive main house, the re-construction of a second house (that has its own pool) and the addition of a private baseball diamond at the front of the property near the entry gates.

As it turns out, Mister and Missus Seinfeld own a number of other properties that Your Mama was not previously aware. Based on a rudimentary and unscientific stroll through the property records we discovered that in April 2005 they spent $3,950,000 for a townhouse style building with five or more apartments West 82nd Street. In September 2007, Mister Seinfeld paid an extraordinary $4,454,000 for a warehouse building in Los Angeles near the Santa Monica airport. Presumably he stashes a portion of his Porsche collection here but, in all honesty, we have no idea what he does with the building.

In January of this year (2011), Missus Seinfeld purchased in her own name a 2,366 square foot ranch house in her hometown of Burlington, VT. Property records show the 4 bedroom and 2 bathroom residence, with over 100 feet of sandy beach on Lake Champlain's Appletree Bay, was purchased without a mortgage for $1,050,000.

Mister and Misuss Seinfeld also own a secluded and scenically located 26.84-acre estate in Telluride, CO that, we learned from a kind citizen we'll call Ruby Tuesday, they recently hoisted on to the market with an asking price of $18,250,000. The price includes the no-doubt quite pricey but, for the most part, not particularly inspired furnishings.

Mister and Missus Seinfeld actually own two adjacent properties in Telluride according to the San Miguel County Tax Man. The first was acquired in June 2007 for $7,550,000 and the second the following April for $2,300,000.

Listing information describes the property as "family compound" comprised of "an evolving series of Western ranch structures" that has recently had a "multi-million dollar expansion and upgrade." Altogether there are, according to the listing, 11 bedrooms and 11 full and 3 half bathrooms in the multi-winged main house and its attendant outbuildings.

The interior spaces includes double-height living room with monolithic stone fireplace, hardwood floors, soaring wood ceiling, an entire wall of windows that open to an entertainment terrace and a lot of kick up your feet beige slip-covered furnishings. Even cozier quarters can be found in a library that features a vaulted ceiling, built-in bookshelves, comfy buff-colored leather club chairs, and the walls and ceiling are covered in woodsy but modern horizontal wood paneling.

Heavy wood beams criss-cross the ceiling in the well-equipped and sky-lit country kitchen that includes wide plank reclaimed wood floors, a large work island, butcher block counter tops, high-grade commercial-style appliances, and multiple eating areas from a snack counter to a built-in banquette.

Bedrooms and bathrooms featured in listing photos show they're infused with a simple but luxurious country house charm–nice ordinary and definitely but not our specific cup of decorative tea–that includes wide plank reclaimed wood floors, more horizontal wood paneling that's been whitewashed in at least two of the poopers, delicate pastel wall coverings and gingham fabric accents in the children's rooms

Well-heeled nature lovers who prefer not to get too natural about things will appreciate the system of manicured trails the wind around the property and through the thick stands of aspen and spruce trees to a creek.

Who knows why Mister and Missus Seinfeld might spend millions to re-do only to put the property up for sale, but such are the capricious real estate ways of the rich and famous.

It was recently reported here, there and everywhere that Mister and Missus Seinfeld–longtime residents of the Upper West Side, were spotted peeping as high-priced townhouses on the more high-nosed Upper East Side.

listing photos: Peak's Real Estate / Sotheby's International Realty

24 comments:

Anonymous said...

After Upchuck Manor this is a serene treat to the senses... Almost back to normal!

tovangar2 said...

How can they tell which room they're in? They all look alike.

Anonymous said...

Mama, according to virtualglobetrotting.com they paid $7.55 in 2007, I can't attest to the accuracy of this site though. Either way I don't see them getting double what they paid, unless it was significantly enlarged. 2007 was the height of the market in most places after all.

Anonymous said...

They join a long list of east coasters, especially east coasters with kids, who buy ski houses in the Rockies and then after a couple of years realize that it doesn't work time-wise (both the amount of time they end up being there and the amount of time it takes to get there), and it doesn't make sense financially. Some of these people are fooled into the idea they can rent it out when they're not there. But the weeks when you get the big bucks renting (Christmas, New Year's, etc.) are exactly the weeks you want to be there. Better, and much cheaper and simpler, to take a couple of suites at Little Nell or Stein Erickson, or whatever the Telluride equivalent is.

Anonymous said...

It looks more comfortable than the Berghof but the people who visit are probably not as important.

Trixie von Trott said...

How much $$$ does this Sign-felled character have? I bet the place stinks of rollmops and chopped liver.

Anonymous said...

I loathe them - that is all.

Ima Krass said...

Let me see.........would I want to have this 14,000 sq ft vacation home in Colorado, or be spiritually evolved and living a completely green life? I'll take the black diamonds!

Yak said...

I like this place but it is certainly more of a compound than a home. Way too big for any average family but when you're a celeb, there are a lot of hangers-on I suppose.

If I didn't know any better, with her buying a place in her own name, them "shopping" around for different digs in NY and now this place being listed, I'd say they may be on the road to splitsville.

Anonymous said...

It's been reported that Petra Ecclestone bought this house and will use it as her shoe closet.

Anonymous said...

I'm with you, Yak...it could be splitsville. After a couple of kids, we could all use a new porsche.

Jeannified said...

Anonymous 1:57 PM, I never felt that he ever truly got over Shoshanna Lonstein, gorgeous gal that she is!

commentator8 said...

Anon 1:30 PM: HAHHHAHAHAHA

Seinfeld is supposed to be worth somewhere in the neighborhood of $500 million (seriously). If they are heading to splitsville, it seems he/they have the kind of dough-re-mi that wouldn't require selling of assets. But hey, what do I know.

Anonymous said...

What a joke.

Anonymous said...

None of these actions have anything to do with splitting up. They were photographed coming out of a town house that they had just looked at with a broker together. It's a very, very expensive house, so if they did purchase it, it would not be the downward move of a divorcee, a la Maria Shriver.

The house she bought in Vermont is most likely for some relative. It was recorded at less than a million which is definitely not something that dear Jessica would actually be occupying herself. I believe she's from that neck of the woods, and went to college at UVM.

Anonymous said...

how in the world is this man so rich?

Anonymous said...

@commentator8

Forbes and celebritynetworth.com have his net worth at $800 million.

Forbes link:
http://www.forbes.com/2010/09/21/forbes-400-ones-to-watch-seinfeld-tiger-jay-z-rich-list-10-watch_slide_5.html

Larry D. said...

Simple. He's Jewish

Anonymous said...

In one word: syndication.

T.M. said...

Hey Larry D., take your boorish and boring anti-Semitism to a klan meeting or wherever you people go to gather and say stupid and cliche things about Jews.

As for this house, I'm with the anonymous who said this seemed like a good idea until he/they realized that it's not worth the expense to maintain a property like this just for a couple weeks of skiing every year.

Or is it that Jews don't ski? Maybe Larry D. can enlighten us all about that with his cunning and clever knowledge of Jewish cultural mores.

P.S. I'm not Jewish.

Larry D(avid) said...

Obviously you are not Jewish, I am

gurlplz said...

You don't have to be anti-Semitic to know that most Jews are wealthy... good for them.

Anonymous said...

Most Jews are wealthy? Where do you get your statistics on that? Or is that just your opinion based on a stereotype?

gurlplz said...

Sista, lighten up! Is your bra on too tight or something?! Take my advice and let those gorgeous D-Cups breathe!!! I'm sure Mama would agree. :)