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The famed Palazzo Riggi, one of Saratoga Springs’ most luxurious estates, officially hit the market on Tuesday, March 4, giving prospective buyers a chance to own a 19,000-square-foot stone mansion packed with over-the-top amenities. Asking price? $24.9 million.
Located at 637 North Broadway, the property was last sold at auction in September 2023 for $7.1 million—a price tag that suddenly looks like a bargain compared to its new listing. The annual tax bill? A cool $143,000.
Palazzo Riggi in Saratoga Springs.
A Mansion Built for a King (or Queen)
Originally owned by socialite Michele Riggi and her late husband Ronald, the home is as opulent as they come. The listing, held by Julie & Co Realty, describes it as a “one-of-a-kind opportunity” on prestigious North Broadway, boasting six bedrooms and 10 bathrooms.
New owners will enjoy a suite of brag-worthy amenities, like a private bowling alley, home theater, fitness center, and in-ground pool and spa. There’s also a wine cellar, wet bar, five-car garage, and (of course) an elevator.
The home has been meticulously updated with state-of-the-art mechanical systems, including new electrical, heating, plumbing, lighting, and a Savant home control system—because even a mansion needs a little tech upgrade.
Palazzo Riggi in Saratoga Springs.
The Riggis, known for their philanthropy and extravagant lifestyle, built their fortune through Turbine Services, a company that provided replacement parts for General Electric gas turbines.
Now, their former palatial estate is looking for a new owner who appreciates the finer things in life—like cathedral ceilings, a koi pond, and an outdoor shower.
Click here to view the complete listing from Julie & Co Realty.
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