“Dirty Dancing” producer Mitchell Cannold’s 6.5-acre estate, including a mid-century home in Pound Ridge, New York, is set to hit the market Tuesday for $5.985 million, Mansion Global has learned.
Mr. Cannold, whose equity investment firm focuses on media and technology and who is best known for producing the 1987 dance film starring Patrick Swayze and the 2014 TV miniseries “Cosmos: A Spacetime Odyssey,” bought the property in 2015 for $2.6 million. and spent an additional $2.5 million to completely renovate the following year, he said.
“We updated the bathrooms, kitchens, added all new mechanicals and radiant heated floor throughout,” he said.
He also landscaped the estate taking inspiration from architect Maya Lin’s Wavefield at the Storm King Art Center in upstate New York, restored the pond – which was overgrown with invasive plants during the purchase of the property – and added a swimming pool, said Mr Cannold.
Of course, what appealed to him in the first place was the 1998 Mid-Century Modern main house, which has approximately 8,147 square feet of living space with six bedrooms and glass walls with views of the vast natural landscape, he said.
“The terrace outside the master bedroom, which offers 360-degree views of the pitch, is the perfect spot for morning coffee,” he said.
Another of his favorite spaces is the high-end bespoke home cinema. “As I’m in the entertainment industry, I’ve spent many evenings there,” he said.
The property has been used to shoot adverts for global brands such as Diet Coke, Zara, Samsung and Bruno Magli in recent years, according to Mr Cannold.
“For a buyer who feels comfortable, like us, the house has the potential to become a significant source of additional income,” he said.
He is downsizing at a smaller property in the area, which has seen a growing list of celebrity residents including Ryan Reynolds and Blake Lively, filmmaker Ryan Murphy and record producer Clive Davis, Mr. Cannold.
Nancy Strong and Stacey Oestreich, co-founders of The Strong Oestreich Team at Douglas Elliman, handle the sale.
“Upon approval, the buyer can put in a guest house or a second driveway, as the property is very generous in size,” Ms Strong said.
“An ideal buyer might be someone with a large family, or people in the creative field who want to have locations in both New York and California,” she added.
This article originally appeared on World Mansion.