This sprawling custom estate has found a new owner, but at less than a third of the sum that went into creating it.
In Pennsylvania, hedge-fund manager Andrew Barroway spent roughly $35 million total constructing this enormous compound, only to recently resell it for a fraction of that price — $9.26 million, the Wall Street Journal reported.
After paying $12 million in 2006 for a huge plot of land just outside of Philadelphia, in the tony community of Gladwyne, the Arizona Coyotes hockey team minority owner spent years and a large fortune building it into a 13,000-square-foot mansion in a Gothic Revival style. The six-bedroom, nine-bathroom property boasts a seven-car garage, an indoor pool, a tennis court, a movie theater, ATV trails, a wine cellar, five fireplaces and a guest apartment — all set on 32 acres of rolling hills.
Barroway only briefly lived at the property, choosing instead to spend most of his time in Arizona while, following a 2013 divorce, his ex-wife and children stayed at the lavish estate, the outlet noted.
In July 2016, Barroway first attempted to offload the behemoth, listing it for $28 million, which would’ve set a local record if sold for that sum. After not selling, the price went down, and down, and down — until he instead tried to auction the property in 2019, with a $14.9 million reserve price. That didn’t work either, and in 2021 the compound was subsequently listed for rent on Zillow for $40,000 a month.
Now, the property is at last off Barroway’s hands, albeit at an extreme discount. Property records show that the home was purchased by a trust tied to digital advertising executive Thaddeus Bartkowski, who told the Journal he’d been renting the home for the past 14 months.
The ad exec likes the compound for its seclusion, its similarity to historic area homes and “the quality and style of the construction,” he told the publication.
Although the sale only fetched $9.26 million, the buying process was extremely involved and the total was, in fact, significantly higher due to multiple other assets not included in the purchase price. He declined to provide a number regarding how much. The deal involved multiple real-estate representatives — including Harrison Todd of Keller Williams, auction company Paramount Realty USA and Compass’s Lavinia Smerconish.
Ex-Brit turned Manhattan resident since 2008.