Catherine Zeta-Jones and Michael Douglas Slash Price on Their Estate for a Third Time—Now Asking $9.75 Million.

Longmeadow Estate Sees Another Price Adjustment

According to Novyny.live: For the third time, power couple Catherine Zeta-Jones and Michael Douglas have reduced the asking price of their Longmeadow property to $9.75 million, following an extended period of inactivity on the real estate market. Built in 1929 and situated in Irvington, this historic estate has already sparked considerable buyer interest despite the repeated markdowns. This latest reduction reflects a broader trend in luxury real estate, where even high-profile listings struggle to attract buyers.

The couple's efforts to sell Longmeadow first began in the summer of 2024, when it hit the market at roughly $12 million. By spring 2025, the price had dropped to $10 million, yet that still failed to secure a buyer. Now, with a new tag of $9.75 million, this marks their most aggressive attempt yet to offload the iconic property.

What Makes Longmeadow Stand Out

So, what do we know about Longmeadow? The residence boasts over 1,000 square meters of living space, offering ample room for comfortable living. The home features:

• eight bedrooms;
• eleven bathrooms.

These details highlight the elegance and generous proportions of the estate. The property sits on roughly 12 acres of land, providing a serene, private setting surrounded by nature.

Why have the owners continued to lower the price? The drawn-out time on the market, combined with previous reductions, points to the challenges sellers face in this segment of real estate. Amid shifting market conditions, such a pricing strategy may be essential to draw in potential buyers.

What else might interest international audiences about this estate? With its rich history and distinctive architecture, Longmeadow stands as a prime example of elite U.S. real estate. Transactions involving properties like this can appeal to investors and collectors seeking unique opportunities. The situation surrounding Zeta-Jones and Douglas's home offers a telling glimpse into current trends within the luxury housing market.

The price reduction at Longmeadow underscores the dynamics at play in the luxury real estate sector, where owners often face hurdles in finding buyers.

An extended listing period may signal shifts in demand for high-end properties, forcing sellers to adapt to new market realities. For investors eyeing similar assets, these price cuts could present rare acquisition opportunities.