'Money Pit' Mansion Listed for $12.5 Million

Courtesy of Everett Collection
"The Money Pit"

The 5.4-acre Long Island home was featured in the 1986 comedy that starred Tom Hanks and Shelley Long as a couple who attempt to renovate a recently purchased house.

The mansion of The Money Pit is up for grabs.

According to The New York Times, the 5.4-acre Long Island home featured in the 1986 comedy — starring Tom Hanks and Shelley Long as a couple who attempt to renovate a recently purchased house — will be listed for $12.5 million.

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The 1898 house in Lattingtown, N.Y. — which has enjoyed its own complete remodel — has three stories, eight bedrooms, seven full bathrooms, two half-bathrooms, a six-car garage, a gym, a saltwater pool and an 800-square-foot pool house, all sitting at the end of a quarter-mile-long drive and a gated entrance. Its annual property taxes are $65,992.

"It’s now the anti-Money Pit," said listing broker Shawn Elliott of Shawn Elliott Luxury Homes & Estates. "The home was restored at the highest quality."

At the time of the film's production, the home was owned by publisher Eric Ridder, also a member of the American yachting team that won the gold medal at the 1952 Olympics. The property has been owned by Rich and Christina Makowsky since 2002 and has been gutted and redone by the couple. The house is outfitted with a refrigerated "wine wall" that holds about 80 bottles, a chef's kitchen and an English rose garden, among other features.

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A sitcom remake of the film was ordered by NBC earlier this year, but the pilot has since been pushed. The original film was co-executive produced by Steven Spielberg.

Email: Ashley.Lee@THR.com
Twitter: @cashleelee