Deutsche Bank executive chops price tag to $25.8M

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The global head of Deutsche Asset Management, a member of Deutsche Bank Executive,   Kevin E. Parker, has dropped asking price on his Southampton estate to $25.8M. The mansion has been on the open market for four years, with a price tag going up to $30M (December 2011) and down to $25.8M (end of December 2012).

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Set on 3.4 acres of land in Southampton, the mansion features 10 bedrooms, eight bathrooms, a staff suite, a gym, a custom wine cellar with vaulted plaster ceiling and a 50’x20’ heated salt water gunite pool which shares a cabana with the sunken all-weather tennis court. The 13,000 sq. ft mansion also boasts Dutch doors opening into the airy entry hall, ten fireplaces with imported French mantelpieces, main and service gravel driveways and a fantastic porte-cochere with barrel-vaulted wood ceiling.

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The lavish living space has windows that look out onto the driveway, the master suite is complete with a bedroom with a king size bed and a paneled sitting room, a fireplace and built-in bookcases and cabinets and an antique French bathtub. The walls in the mastersuite, entrance hall and toilets were hand-painted by famous American painter Kevin Paulson. There is also a spacious breakfast nook, a grand dining room with decorative wallpaper and art objects and a library with book cases and plush furniture. Downstairs there is a playroom and upstairs a nursery decorated with a smaller bed and gingham carpeting. The oversized kitchen contains a butler’s pantry, a center work island and an eating area with a fireplace and doors opening towards the backyard.