Monday, 31 August 2020

Reebok Founder Paul Fireman Sells Massachusetts Mansion for $23M

Paul Fireman

Douglas Elliman

Reebok founder Paul Fireman has sold his lavish estate in Brookline, MA, for $23 million—after four years and multiple price cuts. The 27,000-square-foot mansion comes with 7 acres. An additional 7 acres adjacent to the property is still available.

While one of the priciest homes on the market for the area, the sale price represents a steep discount from the initial ask in 2016. That year, the custom-built home was listed for $90 million, which eventually landed it on our list of the 10 most expensive homes on the market in 2017. In early 2019 the home was relisted for $69 million, then reduced to $38 million late last year. The home was most recently listed for $33 million.

Built for Fireman in the late 1990s, the home was completed in time for the 1999 Ryder Cup golf tournament, which took place at the adjacent country club. Fireman and his wife, Phyllis, enjoyed the elegant estate for almost two decades.

Designed by the architecture firm Shope Reno Wharton, the mansion features Indiana limestone and melds traditional architecture with modern luxury.

Aerial view of Paul Fireman’s estate

Douglas Elliman

Limestone-clad exterior

Douglas Elliman

Domed entry hall

Douglas Elliman

Living room

Douglas Elliman

Formal dining room

Douglas Elliman

Family room

Douglas Elliman

Wood-paneled billiard room and study

Douglas Elliman

Bedroom

Douglas Elliman

5,000-square-foot terrace

Douglas Elliman

The mansion comes with eight bedrooms, seven bathrooms, and five half-baths, and it boasts a glorious natural setting just five miles from downtown Boston. 

The grand entrance hall features a domed ceiling and curved staircase. The space flows to the formal living and dining rooms. The library, billiard room, and study are all wood-paneled. The master suite takes up the second floor, with two closets, a bathroom, exercise room, and study. 

Other notable features include classical columns, wrought-iron balconies, ornate fireplaces, and a wine cellar.

Outside, a 5,000-square-foot terrace allows for entertaining. 

The mansion is just down the road from Tom Brady and Gisele Bündchen’s vacant mansion. The couple listed their custom-built mansion before the quarterback’s move to the Tampa Bay Buccaneers, but it has since come off the market. 

George Sarkis and Manny Sarkis, founders of the Sarkis Team at Douglas Elliman, held the listing.

According to George, a detailed explanation of the property was part of the winning strategy. “We also brought the builder, ThoughtForms, through the house with the buyer to intelligently explain the home, its materials, and finishes at a high level,” he says. “According to ThoughtForms, ‘It’s what you don’t see that cost the most and makes this home truly special.’” 

The buyer appreciated that “the home truly was a timeless masterpiece,” adds George.

The locale was also a draw. “The buyers wanted to be close to downtown and close to some of the best private and public schools for their children,” says George.

The Sarkis Team with Douglas Elliman represented the seller. Terrence Maitland with LandVest represented the buyer.

The post Reebok Founder Paul Fireman Sells Massachusetts Mansion for $23M appeared first on Real Estate News & Insights | realtor.com®.



source https://www.realtor.com/news/celebrity-real-estate/reebok-founder-paul-fireman-massachusetts-mansion-sells/

No comments:

Post a Comment