Lattingtown house in Tom Hanks' 'Money Pit' for sale

The house used as a set for the 1986 comedy, "The Money Pit," is on the market in June 2014 with many high-end features. Asking price is $12.5 million. (Credit: Newsday / Jessica Rotkiewicz)

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Last year, while Tom Hanks was starring on Broadway as New York tabloid columnist Mike McAlary in "Lucky Guy," Rich and Christina Makowsky got to meet the Oscar-winning actor after a performance and showed him a photo of their Lattingtown home on Rich's phone. They thought Hanks might find it familiar.

Hanks had spent plenty of time at the mansion in the mid-1980s filming "The Money Pit," a Steven Spielberg-produced film about a couple who buys an antique house for what they think is a steal but end up with a series of renovation disasters.

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    Hanks regaled them with stories about his hours on the property at the start of his film career.

    "He talked all about working with Spielberg and Richard Benjamin," recalls Rich Makowsky, a shoe manufacturer who bought the 5.4-acre estate in 2002. "He said his father was out fishing in the creek nearby and his daughter used the pool."

    The white clapboard exterior looks almost the same as it did nearly 30 years ago, when Hanks and co-star Shelley Long got out of a yellow cab to meet the home's eccentric owner, played by Maureen Stapleton. The 23-room house, which just hit the market for $12.5 million, is a far cry from the creaky mansion that literally fell apart in the film.

    Shawn Elliott of Shawn Elliott Luxury Homes and Estates, which is listing the house, calls it " 'The Money Pit' no more."

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    At the time the movie was filmed in the front and back of the house, Eric Ridder of the Knight-Ridder newspaper family owned it. The interior scenes were shot at Kaufman Astoria Studios in Long Island City.

    NORTHWAY RENOVATIONS

    The Makowskys spent millions of dollars to renovate and restore the more than 100-year-old home, called Northway, in the years after they bought it, giving it the feel of a grand European estate. Along with updating the plumbing, heating and electrical systems and installing a cedar-shingle roof, they added intricately designed plaster crown moldings and brought in brass sconces and chandeliers from Europe.

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    The sleek media room has a 500-year-old marble fireplace imported from France and a climate-controlled wine cabinet made of black lacquer and glass. The wall opposite a massive flat-screen TV is made of Venetian plaster, and on the wall across the room is black suede studded with nail heads.

    There are eight fireplaces, including one in the foyer and another in the kitchen, which has Calcutta gold marble countertops and top-of-the-line appliances, including a white Viking range.

    Upstairs is a master suite with walk-in closets, a sitting area with a fireplace and a bathroom with an oval soaking tub that won't fall through the ceiling. A gym and recreation area, along with staff's quarters, complete the home on the lower level. The home has eight bedrooms, eight bathrooms and two half-bathrooms.

    RICH ORIGINAL TOUCHES

    The Federal-style house was built on 22 acres by stockbroker H.W. Warner and was later owned by William McNair, who served as a vice president with the Unadilla Valley Railway Co. His wife, Elvira Brokaw McNair, was the daughter of figure skating champion and Locust Valley resident Irving Brokaw. Their daughter, Elvira McNair Fairchild, subsequently owned the house. After Ridder died in 1996, the estate was purchased by Steven Thurman, and all but 5.4 acres were sold for a development, according to the book "Long Island's Prominent North Shore Families: Their Estates and Their Country Homes."

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    Some items are original, including the carved staircase balustrades -- no need to worry about the staircase collapsing, as it did in the film -- and the rich oak floors with mahogany inlays. The leaded-glass windows and some of the hardware also came with the house. But the owners have added their own touches. Christina Makowsky, a clothing designer, has filled the house with high-end furnishings, including golden yellow and black Versace furniture in the living room.

    Next to the heated saltwater gunite pool (not taken care of by Adolf Hitler's pool boy, as in the film) is a newly constructed pool house with slate floors, a high-end kitchen, a full bathroom and a laundry room. Next to that is a fountain that may look familiar to anyone who has seen the film. After a Rube Goldberg-esque chain of events sends Hanks' character, covered in plaster, hurtling down a hill in the backyard in a plastic bin, he lands in the small fountain, where water streams onto him from a cherubic statue. The cherub is still there, but the water now shoots up from the middle of the circular pool.

    Hanks wasn't available to talk, but in a video about the making of the film on "The Money Pit" DVD, he talks about how he had to be covered in plaster of Paris to film the scene. On a recent afternoon, the backyard was more serene, with music playing from speakers hidden in bushes around the pool.

    ABOUT NORTHWAY

    WHERE: Lattingtown

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    ASKING PRICE: $12.5 million

    TOTAL TAXES: $65,992

    SQUARE FEET: 14,000

    ACREAGE: 5.4

    YEAR BUILT: 1898

    BEDROOMS: Eight

    BATHROOMS: Eight full, two half

    AMENITIES: Heated saltwater pool, 800-square-foot pool house with kitchen, gazebo, six-car garage

    LISTING AGENT: Shawn Elliott, Shawn Elliott Luxury Homes & Estates, 516-364-4663

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