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Yankees Legend Derek Jeter’s New York Castle that He Turned into a $15 Million Home Is Being Auctioned it off for Just $7 Million. Here’s Why.

After years of trying to sell his medieval-looking mansion, retired MLB shortstop Derek Jeter is putting his Tiedemann Castle up for auction.

Fifty miles from New York City, on Greenwood Lake in Orange County, Tiedemann Castle is slated for the auction block on Dec. 15. The minimum bid is set at $6.5 million, The Wall Street Journal reported.

(Photo: Stephen Dolinsky)/ Baseball Hall of famer Derek Jeter smiles as he is honored by the New York Yankees before a game against the Tampa Bay Rays at Yankee Stadium on September 09, 2022 in the Bronx borough of New York City. (Photo by Jim McIsaac/Getty Images)

Why to the Auction Block?

Jeter, who played for 20 years with the New York Yankees and has a net worth of $200 million, previously tried to sell the property in 2018 and 2019, for $14.75 million but got no takers. So now it’s being auctioned off.

The auction is being handled by realty partners Paramount Realty USA, which, according to the company, has sold and advertised auctioned residential and commercial real estate and mezzanines valued at $2 billion throughout North America.

(Photo: Stephen Dolinsky)

History of the Castle

The Tiedemann Castle belonged to Jeter’s maternal grandfather, William “Sonny” Connors, the adopted son of John and Julia Tiedemann, who grew up on the property during the 1950s.

Jeter spent his boyhood summers around the castle, according to the 2011 book, “The Captain: The Journey of Derek Jeter,” by Ian O’Connor.

Built around 1903, the 12,590-square-foot, six-bedroom, four-acre historic property was bought by a limited liability company tied to Jeter in 2003 for $425,000 before the Yankees star extensively renovated it. 

(Photo: Stephen Dolinsky)

Other reports claim Jeter bought the property in 2005 for $1.2 million.

With a dozen bathrooms, turrets and a view of the 700-feet shoreline that borders New York and New Jersey, the Tiedemann Castle’s main house is approximately 9,000 square feet and features a lakefront guesthouse and a pool house with a billiards room, a bar, office space and a small replica of the Statue of Liberty.

(Photo: Stephen Dolinsky)

Jeter Time

Since his retirement in 2014, Jeter has embarked on several business ventures, one of which is his involvement in an investment group that bought the Miami Marlins in 2017 for $1.7 billion. He was the team’s chief executive before selling his stake in the club, The Wall Street Journal reported. 

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