‘Money Pit’ movie mansion finally sells for enormous discount

The Long Island mansion from the 1986 flick “The Money Pit” has become a real-life money pit.

This Nassau County home — which played the role of a falling-apart Gilded Age property that Walter (Tom Hanks) and Anna (Shelley Long) buy for a suspicious bargain — has sold for $3.5 million after five years on the market. That’s 76 percent less than its original 2014 asking price of $12.5 million.

Sellers Rich and Chri꧙stina Makowsky invested $5.9 m🔴illion in renovations after buying the North Shore spread for $2.12 million in 2002, .

a lengthy pricing history for the listing, in the village of Lattingtown near Locust Valley. From the $12.5 million price t♒ag five years ago, the eight-bedroom property underwent about seven price chops before landing on its most recent $4.5 million asking price.

The new owner of the 5.5-acre spread, who couldn’t be fully identified, is a Long Island resident, , adding the purchase had nothing to do with the home’s Hollywood history. The home was only used for exterior shots in the film. As is typical in television series and movies, interior shots took place on a sound stage.

But in reality, as in the movie, the 🎐place was in need of some work.

After their purchase in 2002, the Makowskys added new appliances, a pool house and 9-foot gates at the entrance. They also installed a cedar roof and upgraded the plumbing. The facelift took more than a year. Other features of the spruced-up house: a roomy chef’s kitchen with a mahogany center island and a media room with a refrigerated wine wall.

Daniel Gale, of Sotheby’s International Realty, both marketed the listing and represented the buyer in the deal.