Jackie Siegel's Tribeca penthouse is currently on the market for $11.95 million, nearly half its previous asking price. Purchased for $8.7 million in 2023, it was initially listed at $19.5 million in 2024. The listing broker emphasized that high-end properties must reflect market conditions. Jackie Siegel gained fame from the documentary 'The Queen of Versailles,' highlighting her family's construction of a massive mansion. Following personal tragedies, including the loss of her husband and daughter, she plans to use Versailles for charity events and awareness efforts against addiction.
The Siegels gained international attention with the construction of their 90,000-square-foot Orlando home, chronicled in the 2012 documentary 'The Queen of Versailles,' which is becoming a Broadway play.
Current listing broker Thomas Hochfelder commented, 'It is a spectacular apartment, but it was an unrealistic price that didn't make sense. You can't overprice in this market.'
Jackie has stated her intention for Versailles is to hold charity events and raise awareness about drug addiction, a way to cope with her profound personal losses.
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