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Hey, Isn't Lynnewood Hall Due For Another Price Chop?

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Lynnewood Hall, Exterior: Zillow, Interiors: Austin H.

Well, no news is no news. Since the last price reduction earlier this year brought the former Horace Trumbauer estate in Elkins Park to $17.5 million (down from an original asking price of $20 million), there has been no movement at all on the 55-bed, 55-bath estate. Crickets. The expansive Gilded Age building has been on the market since July 2014, and would need about $50 million in repairs, hence the updated listing in February imploring "developers to convert [the estate] into a hotel, business, campus or retail/housing condos." Even so, should an investor come along, armed with the millions it would take to salvage the poor beast, the work needed on the property is daunting. The state of disrepair is such that Mary DeNadai, an architect specializing in historic renovation, suggests that that the spectacular homestead of Peter A.B. Widener could be "beyond salvage" in five to ten years should the neglect continue.
· Lynnewood Hall Coverage [Curbed Philly]

Lynnewood Hall

920 Spring Avenue, Elkins Park, PA 19027