SKANEATELES, N.Y. (AP) — A mansion that was supposed to serve as a model for a neighborhood of million-dollar homes in central New York has instead turned into a zombie property.

The Post-Standard of Syracuse reports ( ) a developer from Florida built the five-bedroom, four-and-a-half-bath mansion on 24 acres near Skaneateles (skin-ee-AT'-luhs) Lake in 2005 as a model home for a development where all the homes were going to cost $1 million or more.

Local real estate agents say the developer's plans fell through because of the recession a decade ago and only the model mansion was completed. At one point it was assessed for $1.13 million.

But the home has sat vacant and neglected for years, and extensive damage caused by vandalism has dropped the assessment to around $750,000.

The property has been taken over by a bank.


Information from: The Post-Standard,

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