Prepare to be dazzled.
Some of the articles describing Gloria Crest, a spectacular estate a few miles from New York City, identify it as “Gloria Swanson’s Mansion”. Depending on which rumour the author cites, Joseph P. Kennedy, the father of future President John F. Kennedy, either gave Swanson the property or installed her there in the 1920s, when she was his mistress.
It’s well documented that Swanson had an affair with the elder Kennedy that began in the mid-1920s and lasted into the early 1930s, but the rest of the story is almost certainly untrue. Property ownership is easy to trace, but no one is particularly interested in debunking the myth. As the old newspaper adage put it, “the story is too good to check out”.
Gloria Crest is in the news these days because it’s for sale at a greatly reduced price. Don’t call your mortgage broker quite yet, though. The sale price is $9,999,999.*
What makes that a bargain is that Gloria Crest was previously on the market with an asking price of almost $40 million.
Here’s what Forbes had to say about the estate:
“Gloria Crest is a 24,000-square-foot mansion on one of Englewood, New Jersey’s historic streets. It was built in 1926 for Stefan and Edith Poniatowski (Stefan is said to be a descendant of a former King of Poland) but their fortunes soon crumbled when the stock market crashed in 1929. …and they soon had to auction their house along with most of their belongings in order to move to a condo in New York City. The home has had numerous owners over the years, and comes with the unconfirmed but oft-repeated rumor that it was occupied by film star Gloria Swanson while she was involved with Ambassador Joseph Kennedy…..
“Its most recent sale history had it on the market for $39 million back in 2013…then nearly going to foreclosure a little while later, then almost finding a foreign buyer for $20 million. Throughout all this Gloria Crest is still standing, as an eight-bedroom, 14-bathroom home on five lake-front acres, with its original Mediterranean style design intact now asking $9.99 million for the entire estate. While New Jersey does have some of the highest property taxes in the country, this is still a good deal.”
For those interested in purchasing Gloria Crest, here’s the listing.
For those interested in Gloria Swanson, here’s the last scene from Sunset Boulevard:
* I think the owners were afraid that people would be scared off if the property was listed at an even $10,000,000, so they lowered the asking price to attract bargain hunters. Clever sellers!