'Gatsby Mansion' Torn Down
Demolition started Saturday on Land's End
By Evann Gastaldo,  Newser Staff
Posted Apr 18, 2011 8:37 AM CDT

(Newser) – Shed a tear, literature lovers: The 25-room Long Island mansion said to have inspired The Great Gatsby is in the process of being torn down. The demolition of Land's End, where parties in the 1920s and 1930s were attended by the likes of Winston Churchill and Ethel Barrymore, began Saturday, the AP reports. It will be replaced with five $10 million houses. Click for more background on the storied mansion and its financial woes.