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Not your mom's house

Seen here is Wikiosco, also known as the former Peabody Estate, in Lake George. The eight-bedroom mansion sold last week for $5 million. Your assessment will probably be lower.

LAKE GEORGE — The historic Peabody estate has sold for $5 million.

The 20,000-square-foot Tudor Revival-style mansion was purchased by John Ceglia, Milinda Ceglia, Scott Galdi and Shelley Galdi on May 9, according to Warren County deed records.

The property at 3232 Lakeshore Drive had been owned by the Serlin family. Dr. Stephen M. Serlin died last summer.

The eight-bedroom mansion has a 10-bay, 20-car garage, two covered boathouses, 4,000-bottle wine room and a heated outdoor pool, according to the real estate listing.

The estate, also known as Wikiosco, was built in 1895 for Royal C. Peabody, the founder of Brooklyn Con Edison, according to the website www.6sqft.com.

Scott Galdi said Wednesday that the two families bought the property for pleasure. They are longtime friends who have visited Lake George many times and like to ski and bike-ride, he said.

“We just want to enjoy it. It’s a beautiful estate. We hope to spend some nice quality time up there, summer, winter, and enjoy it,” he said.

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“I think the home is so majestic,” he added.

Galdi lives in New Jersey and works for a firm that provides corporate training for pilots. He has a townhouse in Lake George and has been coming up to the area for about 20 years.

He does not plan any major changes to the property — just some painting and “sprucing up,” he said.

“Kate and her late husband, Dr. Serlin, took very good care of the house. It does need some tender loving care in certain areas,” he said.

He said he is excited about the opportunity to own such a historic property from a past era.

“So many of those houses are gone. There aren’t many more between Bolton Landing and the town of Lake George. In my estimation, there’s probably 6 remaining from that era,” he said.

The seller was represented by Christine Marchesiello of Keller Williams Capital District and the buyer by Dan Davies of Davies & Davies Real Estate.

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Michael Goot covers politics, business, the city of Glens Falls and the town and village of Lake George. Reach him at 518-742-3320 or mgoot@poststar.com and follow his blog at http://poststar.com/blogs/michael_goot/.

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