“Money Pit” Home Hits the Market Asking $12.5M

June 15, 2014 09:00AMThe Long Island home as featured in the film

The Long Island home as featured in the film “The Money Pit”

A Long Island mansion featured in the 1986 Tom Hanks comedy, “The Money Pit” – appropriately about a nightmare of a fixer-upper – has hit the market asking $12.5 million. Built in 1898, the eight-bedroom house, located in Lattingtown, N.Y., has been totally renovated, and decorated in Versace-esque style, according to the New York Times. “It’s now the anti-‘Money Pit,’” listing broker Shawn Elliott of Shawn Elliott Luxury Homes & Estates told the Times. “The home was restored at the highest quality.” When the film was shot, the home belonged to Eric Ridder, a publisher and a member of the American yachting team that won the gold medal at the 1952 Olympics. In 2002, the 5.4-acre estate sold to current homeowners, Rich and Christina Makowsky, who felt the home was a pit of a money pit. “We didn’t realize how bad it was,” said Makowsky, a shoe manufacturer and distributor. “The house was falling apart when you went from room to room. We definitely could have done the sequel.” [NYT] – Christopher Cameron

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“Money Pit” Home Hits the Market Asking $12.5M

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