The five-story, Beaux Arts-style mansion on Manhattan's Upper East Side that former Penthouse magazine publisher Bob Guccione once owned has sold for $49,000,000 to hedge-fund manager Philip Falcone. The New York Observer's Max Abelson this afternoon wrote about the sale of the porn king's onetime double-wide mansion on the paper's 'The Real Estate' blog. Indeed, public records filed with the city this morning show that the 27-room mansion went to contract on February 14, and closed on Leap Day. Guccione basically lost the house to foreclosure in 2006, four years after he first placed it on the market. We have written three times about the mansion, which is at 14-16 East 67th Street in Manhattan, most recently on April 4, 2007. Completely unremarked by the Observer, however, was the fact that Falcone, whose Harbinger Capital Partners hedge fund currently is making news by aggressively pushing for significant changes to the New York Times Company, already owns property in the neighborhood. Records show that Falcone paid $10,375,000 in 2004 to purchase the 8,619-square-foot office building at 22 E. 67th Street. Some important details about the former Guccione mansion: --News accounts often state that the mansion measures 17,000 square feet, 20,000 square feet or 22,000 square feet. However, public records state that the mansion, which was built in 1905 but not transformed into its current incarnation until 1919, has 14,626 square feet. --The mansion's asking price had fluctuated over the years, as it had been on the market since 2002. Asking prices ranged from $29 million to the absurd $99.9 million figure. Reasonable asking prices were between $29 million and $59 million. It was listed for $59,000,000 last year. --A commonly discussed feature about the mansion is the Roman-style indoor swimming pool on its first floor. --For the record, the record sale price in New York City for a town house remains the $53 million that private-equity guru J. Christopher Flowers paid in October 2006 for the Harkness mansion at 4 E. 75th Street, on Manhattan's Upper East Side. We visited the Harkness mansion on Saturday (just before taking in the Klimt exhibit at the nearby Neue Galerie, which we highly recommend!), and can attest to the fact that 1) work currently is being done on the Harkness mansion; and 2) a whole lot more work still needs to be done on it. The Harkness mansion is a long way from move-in condition, we'd say. Check out an online listing sheet for the former Guccione mansion, which its final broker cleverly renamed the Milbank mansion, here.