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Michael Douglas and Catherine Zeta-Jones recently sold their 13-acre Bedford Corners estate for $20.5 million, making quite a profit off their purchase price of $11.25 million.
The duo then turned around and snapped up a $12,000-square-foot home in the village of Irvington-on-Hudson for a mere $4.5 million, according to Variety.
And while they certainly won't be squeezed into their new digs, they have downsized from a 26-room residence to a 22-room residence, the magazine said.
The new home, named Long Meadow, is just 25 miles outside of Manhattan and features a red brick Georgian mansion with grounds that roll down to the Hudson River.
The three-story home also features eight bedrooms and 10 full and two half bathrooms. In addition, the home sports seven fireplaces, a four-car garage and annual taxes bill that tops $150,000.
The couple also owns an apartment house overlooking Central Park, a large house in Zeta-Jones’ hometown of Swansea, Wales, a compound in Bermuda, and a 10-bedroom compound on the Spanish island of Majorca, which is co-owned by Douglas’s ex-wife Diandra Douglas. It is for sale for $32.5 million.
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