Great Gatsby Mansion to Be Torn Down
Lavish Long Island home costs $4.5K a day to maintain
By Rob Quinn, Newser Staff
Posted Mar 8, 2011 3:42 AM CST
Updated Mar 8, 2011 7:00 AM CST
Celebrities including Winston Churchill, the Marx Brothers, and Fitzgerald himself attended parties at the mansion during its heyday.   (Fizber)

(Newser) – The Gilded Age mansion said to have inspired F. Scott Fitzgerald's classic novel The Great Gatsby is doomed. Lands End, a 25-room, 24,000 square foot mansion on Long Island's Gold Coast, will be demolished later this month, Newsday reports. The home, site of lavish parties in the '20s and '30s, was on the market for $30 million but failed to attract a buyer.

Taxes, insurance, and maintenance on the crumbling mansion—one of a dwindling number of survivors of thousands of mansions built in the area by wealthy New Yorkers in the 19th and early 20th centuries—cost some $4,500 per day. Developers now plan to split the 25-acre site into five properties. "The cost to renovate these things is just so overwhelming that people aren't interested in it," says a construction manager. "The value of the property is the land." (Click to read about Baz Luhrman's upcoming film version of the book.)

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Showing 3 of 13 comments
RidersOnTheStorm
Apr 21, 2011 11:43 AM CDT
Photo of 'Gatsby' mansion being torn down day before yesterday: http://4.bp.blogspot.com/-CaDppcdm-FA/Ta2qFrQq5zI/AAAAAAAAHpA/36pCpGxXmIc/s1600/Lands%2BEnd.jpg credits: http://www.oldlongisland.com/
winterfairy
Mar 8, 2011 3:53 PM CST
"The cost to renovate these things is just so overwhelming that people aren't interested in it," says a construction manager. "The value of the property is the land." welcome to union labor costs. Imagine what could be done if they didn't have to pay 100 bucks an hour for union labor.
sallythedoctor
Mar 8, 2011 10:05 AM CST
Can't wait to see the tacky things they build there in its place. This is why America's natural wonders are really the only beauty and history to be found. We tear down everything. My high school was a beautiful early 20th century school. Huge windows, giant ceilings. "Boys Entrance" and "Girls Entrance" was carved in the stone above the two front doors. A wonderful piece of historical architecture. The new headmaster came in, demolished the two-story building that had been the school for thousands of students for over 100 years, and built a one-story, pink-brick, horrifically ugly new school. He said he did it for "progress."