Once Asking $19.9M, Woolworth's Glen Cove Estate Heads To Auction

GLEN COVE, NY — A marble-covered, Gilded Age mansion — built by discount retail magnate Frank W. Woolworth — is up for auction in Glen Cove. So if you're planning to bid on the historic estate, expect to cough up at least $7 million.

The Woolworth name may sound familiar. A pioneer of "five-and-dime" retailing, Woolworth commissioned his namesake building in 1910. The 792-foot tower in Manhattan was the world's tallest building from 1913 to 1930, serving as a symbol of the Woolworth company's wealth and reach in the 20th century.

Woolworth's stores have since folded, but his Glen Cove estate — which is rumored to be haunted — could be yours.

The online auction for Winfield Hall — an Italian Renaissance home at 77 Crescent Beach Rd. — will conclude Wednesday, July 14, at 11 a.m. Property previews will be offered between 10 a.m. and 1 p.m. on Sunday, June 20, and Sunday, June 27.

A relic of an indulgent bygone era, Winfield Hall sits on nearly 16.5 acres, and boasts 12 bedrooms and 10 bathrooms. It's fronted by a towering marble archway and includes a clock tower building that can accommodate at least 11 cars.

• Address: 77 Crescent Beach Rd, Glen Cove, New York
• Price: $7,000,000
• Square Feet: 32098
• Bedrooms: 12
• Bathrooms: 9 Full and 1 Half Baths
• Built: 1917
• Features: AUCTION By Order of the Estate of Martin T. Carey. "Winfield Hall" Former F. W. Woolworth Estate. Previously Asking $19.95M | Guaranteed Minimum Bid $7M. Glen Cove, Long Island Sound, Nassau County, New York. Numerous Possibilities - Renovate, Repurpose, or Subdivide. Grand 32, 098+/- Sq. Ft. mansion on 16.4+/- acres with 12 bedrooms designed by the renowned architect, Charles Gilbert. Clock Tower building with ample room for the Car Collector! 15, 000+/- Sq. Ft. with garage capacity for 11+/- cars. Sweeping lawns adorned with classic statuary. Once in a lifetime opportunity to rehabilitate an existing Gilded Age Mansion - one of the few remaining privately owned estate homes of this era. 2-acre zoning offers a possible exclusive residential enclave. Property Previews: Sunday June 20th and Sunday June 27th By Appointment Only. Online Auction concludes Wednesday, July 14, 2021 at 11:00AM. Call today or visit our website for additional details and register for the Property Information Package. In Cooperation with JJ Manning Auctioneers. AUCTION By Order of the Estate of Martin T. Carey. "Winfield Hall" Former F. W. Woolworth Estate. Previously Asking $19.95M, Minimum Bid $7M. Glen Cove, Long Island Sound, Nassau Co, New York. Previews by appointment. Online Auction July 14, 2021

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