In 2012, the property was bought by investors who were intending to establishing a hotel and spa, but sadly those plans never came to fruition.

After several years languishing on the market, Elm Court was finally purchased in December of 2022 for just $8 million (£5.9m) by real estate developer Linda S. Law of Law & Associates, who plans to finish returning the property to its former glory.

Speaking to the New York Post in 2023, Law said “I’d had my eye on it for years.” She went on to say: “It was already 75% renovated. People thought it would take $20 million or $30 million to renovate it, but we estimate we’ll spend about $6 million.” We can't wait to see the finished product!

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Elm Court: the Vanderbilt mansion that changed history