Price Cut For Celebrity Sandra Lee's Westchester Mansion

MOUNT KISCO, NY — Sandra Lee, chef and Food Network celebrity, has lowered the asking price for her Chappaqua mansion, Lily Pond. Originally listed for $2 million, it is now for sale for $1,699,000.

The stunning home she shares with New York Gov. Andrew Cuomo on three acres in Westchester County is a serene suburban estate known for its beautiful landscaping and its lovely interior.

However, she is selling at a troubling time for luxury real estate in the lower Hudson Valley. Two recent reports looking at the state of real estate described a housing market that has weakened at the top while staying strong at the bottom.

SEE: Hudson Valley Homebuyers Shun Luxury, Seek Affordable

The listing agent for Lily Pond, Harriet Libov, talked with columnist David McKay Wilson of The Journal News about how soft the local market for high-priced estates had become. "I advised Sandra that I thought a price reduction was in order based on the current landscape of the market," Libov told TJN.

Here's the realtor.com listing for Lily Pond:

• Address: 4 Bittersweet Ln, Mount Kisco, New York
• Price: $1,699,000
• Square Feet: 4129
• Bedrooms: 4
• Bathrooms: 5 Full and 1 Half Baths
• Built: 1950
• Features: Lily Pond, the Enchanting Home of TV Host/Author Sandra Lee & New York Governor Andrew Cuomo, is the quintessential American Colonial. Majestic evergreens surround 3 acres and host a tranquil gazebo, naturally fed creek, double pond and waterfall. White lattice fencing secludes the backyards' stone terrace w/fireplace. An ideal setting! Inside the home is a calm sense of a warm hug. Rooms burst w/custom details incl: stunning double living room w/twin mrbl frpl, cozy window seats w/views of front ponds & back gardens. This prize home enjoys a serene family room w/ frpl, Library/Den, Home Theater/playroom, exercise/yoga rm & lg. dining room. The author of 25 cookbooks' sunlit, airy marble kitchen offers dream amenities incl. breakft area, walk-in pantry, center island & dining nook. This special home lives like a 6 bedroom resort. The 2nd floor Master Suite is a soothing retreat and each bedroom feels like an en-suite oasis. Tons of Closets/storage. Close to train/45 min to NYC

This listing originally appeared on realtor.com. For more information and photos, click here.