In some ways it's surprising that the incredible townhouse designed by Bunny Mellon (granddaughter of the inventor of Listerine, friend of Jacqueline Kennedy Onassis, designer of the White House Rose Garden) and her husband Paul (co-heir to the Mellon Bank fortune, "Exemplar of Racing") took a full year to find a buyer. On the other hand, it was originally priced at $46 million, which is a good deal of money even for a 40-foot-wide Neoclassic French mansion on the Upper East Side with one of the city's better private gardens. The asking price eventually fell to $41 million, and now, the Observer reports, the house has finally gone into contract.
The sellers are Irish businessman Tony White and his wife Clare, who paid $22.5 million for the house in 2006. (Paul Mellon passed away in 1999 at the age of 91; Bunny, this past March at 103.) The Whites seem to be establishing a track record of highly successful townhouse flipping, apparently having bought the one across the street (118 East 70th Street) for $6.05 million in 1998 and sold it to Woody Allen in 2006 for $25.6 million.
· That's The Money Mellon! Bunny's Old Townhouse, Priced at $41 M., Finds a Buyer [NYO]
· Bunny Mellon's Upper East Side Townhouse Wants $46 Million [Curbed]
· Peek at the Design Legacy of the Late Bunny Mellon [Curbed]