Escape The City: Johnson & Johnson Heiress' Horse Farm Discounted 65%

From the Daily Press (VA):

Johnson and Johnson heiress’ horse farm is relisted with huge price cut

The former home of Elizabeth “Libet” Johnson is back on the market with a massive price cut. Lightning Tree Farm in Millbrook, N.Y., is a 372-acre equestrian estate with a Greek Revival mansion near the Connecticut border. It’s available for $9.95 million.

Initially listed in 2016 for $28.5 million, it had nearly double the acreage of the current offering—which partly accounts for the massive 65% price cut.

Johnson, great-granddaughter of the co-founder of Johnson & Johnson, purchased the mansion in the early 1980s and then bought up a number of adjacent parcels, which make up the current offering.

A few years ago, she decided to sell the place, as her children all had homes elsewhere and no longer spend time in the area, a family spokesperson told the Wall Street Journal in 2016. Johnson died of Alzheimer’s disease in 2017. She was 66.

In addition to the 18,000-square-foot main residence, the property comes with a heliport, 18-stall barn, outdoor riding ring, three-bedroom guesthouse, and separate garage with a staff apartment....

....MUCH MORE

Seems priced to sell.