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Property taxes, Maintenance Costs Doom "Great Gatsby" Mansion

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Newsday reports that Lands End, the Colonial Revival mansion that some say was the inspiration for Daisy Buchanan's home in "The Great Gatsby" (and did co-star in the 1974 Robert Redford film by the same name) will be demolished this month to make room for the new construction of five custom homes.

"I think it's probable that he used the physical aspects of Lands End as a model," F. Scott Fitzgerald specialist Ruth Prigozy of Hofstra University, told the paper. "It was the view - that's what set it apart."

But Pace University professor Walter Raubichek isn't 100% convinced.

"It's certainly possible," he said. "But Fitzgerald never made any direct statement about it. Because he knew that area well, there are a few homes that people sometimes think could have served as an inspiration."

Why are the current owners, 4B's Realty, so eager to get Land's End off their hands?

David Brodsky of 4B's says taxes, insurance, and maintenance of the house and grounds run $4,500 a day.

"The cost to renovate these things is just so overwhelming that people aren't interested in it," said Clifford Fetner, the Lands End project construction manager. "The value of the property is the land."
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