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Zsa Zsa Gabor's Estate To Hit The Real Estate Market

(CNS) Posted Tuesday January 25, 2011 – 5:49pm

Zsa Zsa Gabor's mounting medical bills and the staggering monthly costs of upkeep on her sprawling estate were the driving factors behind the decision to put the property on the market, the actress' husband said today.

Prince Frederic von Anhalt gave reporters a tour of the 28-room, 12,000-square-foot mansion, and explained that he had no choice but to put the home up for sale, with an asking price of $28 million.

"That's it. This house goes," he said. "I am sick and tired of hiding behind those three words, 'rich and famous'. Maybe we are famous, but we are not rich."

Von Anhalt said Gabor's medical care costs about $21,000 a month, while payments for debt on the home and upkeep are another $35,000.

"We are talking about $56,000 I have to raise every month," he said.

"This is why I have to sell the house. It is a must."

The sale will come with one big condition -- the 93-year-old Gabor and von Anhalt will remain living at the estate free of charge.

"The new owner has to pay for everything," von Anhalt said.

Gabor has been in failing health for the past year, and recently had part of her right leg amputated due to poor circulation and a large ulcerated area.

The estate was built by famed aviator/businessman Howard Hughes, and it was previously owned by Elvis Presley, who sold it to Gabor.

Von Anhalt said he was confident somebody would purchase the home.

For more images of the home click here.

"The Tower Building, Rockville, MD (LEED-EB Silver) has GSA and the US Department of Health and Human Services as a tenant. In the commercial real estate market, saavy office building owners, such as The Tower Companies, have implemented LEED EB-O&M conversions. These respond to green lease demands created by the Executive Orders and will help Federal tenants meet sustainability targets. Photo Courtesy The Tower Companies"

ACCORDING TO THE WASHINGTON POST:


"The first local green condos cropped up in D.C. about five years ago. Now, a host of developers in Maryland, the District and Virginia are designing and selling green condos. Because green building results in energy cost-savings, healthier surroundings and more durable construction, they're the future of condo construction, say real-estate investment experts and local government officials."

"Home builders are starting to follow a standard green grading system called LEED, Leadership in Energy and Environmental Design. LEED certification has become something of a Good Housekeeping Seal for green buildings. The grading system is administered by the U.S. Green Building Council, a national coalition of corporations, builders, universities, government agencies and nonprofit organizations that is working to promote environmentally responsible, profitable and healthy buildings. Founded in 1993, USGBC recently launched a pilot program for low-rise multifamily homes."


FOR MORE CLICK HERE