The extraordinary horse farm of former North Salem Supervisor Paul Greenwood, who was indicted in 2009 on federal securities fraud charges, is poised for a closing, but the family’s expansive and grand mansion is still awaiting a buyer.
The residential property with an asking price of $7.5 million is still on the market through Houlihan Lawrence.
Greenwood, 66, pleaded guilty to stealing investor’s money and lying to them about losses to cover his tracks. He is out on bail and living with his wife and children in North Carolina — but he faces 85 years in prison. See Staff Writer Rob Ryser’s story this weekend about the court sale of the horse farm.
The still-available residential property contains three homes on three tax lots, according to town documents. Federal regulators ordered the sale of the properties to recover funds for investors.
There is a main house with five bedrooms, a farmhouse with three bedrooms, a caretaker’s cottage, a swimming pool and pool house, and two detached garages.
“It is a perfect family compound,” reads the realtor’s description, adding that the property on Wheeler Road has access to trails and hilltop views of the Titicus Reservoir. It is minutes away from a Metro-North train station, highways and shopping.
The total land parcel is nearly 16 acres and the family residence was custom built in 1999.
The main house (shown here in these accompanying photos) has many extraordinary features:
•A curved staircase in the main hallway;
•270-year-old flower and bird wallpaper in the formal dining room, that was removed a New York City townhouse and re-hung in the Greenwood’s home;
•An 8-foot tall, built-in glass bird cage in the sunroom; and
•Mahogany and glass cabinets to display the Greenwoods’ Steiff stuffed animal collection.