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Key Background
Renamor was built in 1920 in the French Provincial style and features the rustic architecture popularized in America after World War I, complete with a hip roof, clay tiles, dormer windows, stone and stucco façade and period ironwork, according to Sotheby’s. The house was built for original owners George Amory, a major stockholder in container shipping business Sea-Land Freight Company, and his wife Marion Renee, who inspired the Renamor name. It was bought in the early 1950s and housed the now-closed Academy of Mount St. Vincent, according to New York Heritage, before it was returned to private ownership.
Tangent
The Tuxedo Park village, about 40 miles northwest of New York City, is gated and houses a social club synonymous with high society in the late 1800s and early 1900s. The area can historically count names like Colgate/Palmolive heir Adele Colgate, actress Millicent Rogers (granddaughter of Standard Oil tycoon Henry Rogers), banker J.P. Morgan and politician William Waldorf Astor among its residents. It was founded as a hunting-and-fishing reserve in 1886 by tobacco heir Pierre Lorillard IV (his company made cigarettes under the brand names Newport, Maverick and others until it was purchased by Reynolds American in 2015) along Tuxedo Lake. Visitors often arrived in their own private railroad cars, according to Sotheby’s, and its private country club is believed to be where the first short dinner jacket, or tuxedo, was introduced in the late 1800s. Today, Tuxedo Park is home to fewer than 400 residents, the homes of which are preserved and listed in the National Register of Historic Places.
Surprising Fact
Emily Post, who wrote the famous etiquette guide “The Blue Book of Social Usage,” summered with her family in Tuxuedo Park.
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What To Watch For
How much the property sells for. Estates like Renamor almost always sell at auction for less than their original listing price, but they can still be a better deal for sellers looking to stop paying for taxes, insurance and maintenance on a property while it waits to sell. How much less than listing price a property will sell for is often hard to guess, but high-end properties like Renamor typically auction for 50% to 70% of original list price. The current high bid on Concierge Auctions for a Hawaiian estate originally listed for $23 million is $8.25 million, and the highest bid for Hamptons house listed for a $4.95 million is currently $3.1 million (both auctions end within the next day).
Big Number
$6.85 million. That’s the next most-expensive home currently listed for sale in Tuxedo Park. The property is a 5.5-acre estate called Brook Farm with a 10,800-square-foot, 5 bedroom, 7 bathroom home.
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Further Reading
ForbesOakley Billionaire James Jannard Lists $65 Million Beverly Hills Home: See InsideBy Mary Whitfill RoeloffsForbesThis Charming $4.2 Million Maine Cabin Once Belonged To The Real-Life James BondBy Emma ReynoldsForbesMusician Stevie Wonder’s Former L.A. Home Lists For $15 MillionBy Emma Reynolds