A Long Island mansion featured in the 1986 Tom Hanks comedy, “The Money Pit,” – appropriately about a nightmare of a fixer-upper – has hit the market asking $12.5 million.
Built in 1898, the eight-bedroom house, located in Lattingtown, N.Y., has been totally renovated, and decorated in Versace-esque style, according to the New York Times.
“It’s now the anti-’Money Pit,’ ” listing broker Shawn Elliott of Shawn Elliott Luxury Homes & Estates told the Times. “The home was restored at the highest quality.”
When the film was shot, the home belonged to Eric Ridder, a publisher and a member of the American yachting team that won the gold medal at the 1952 Olympics. In 2002, the 5.4-acre estate sold to current homeowners, Rich and Christina Makowsky, who felt the home was a pit of a money pit.
“We didn’t realize how bad it was,” said Makowsky, a shoe manufacturer and distributor. “The house was falling apart when you went from room to room. We definitely could have done the sequel.” [NYT] – Christopher Cameron