I have a friend that had a similar situation with a house he bought and lived in in Bristle Conn. Although not quite as impressive as this estate, he bought this 6000 sq ft home in one of the best neighborhoods in Bristle, which there aren't many. He paid 1.5 mil for this home back before the recession when prices were at their peak. He raised his family there and now they were gone and this home was just too big for the 2 of them.
They bought a condo in another town and put the house on the market for 1.2 mil. After a year of price drops and no sale he told me the taxes, utilities and upkeep on the house, 25K a month, were killing him and they were the biggest stumbling block of the sale. He had a couple of break in's also because the place was vacant for so long. He finally accepted an offer of 600K.
He took quite a bath on the home but couldn't justify keeping it any longer.
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