Mel Gibson Slashes Price on Greenwich Estate by $4.5 Million

mel gibsons old mill farm

Mel Gibson is feeling the effects of the real estate downturn in Greenwich, Connecticut.

Gibson, who has had his Greenwich estate, Old Mill Farm, on the market for over a year, recently dropped the price from $39.5 million to $35 million.

Designed by architect Charles Lewis Bowman and built in 1926, Old Mill Farm is one of Greenwich's treasures. Resting at the end of a private, formal drive, the 15,800 square foot Elizabethan-inspired Tudor mansion sits on 77 acres of land which includes formal gardens, a maze, pool tennis court, greenhouse, stable staff houses, log cabin and a pond.

The home has 15 bedrooms, 18 bathrooms, 6 fireplaces, a home theatre, library, fitness room and five garage bays. The great hall has a 40-foot cathedral ceiling with a stone minstrel's gallery, walk-in fireplace and leaded glass ceilings.

View photos of Mel Gibson's Old Mill Farm below.

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