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If you're in the market for some new digs on Nantucket -- and you have $16.45 million -- former Tyco CEO and current inmate number 05A4820 Dennis Kozlowski has got a deal for you.

The Wall Street Journal reports (subscription required) that he has cut the price on the estate from $23 million, but that's still a pretty good return on the $5 million he paid for it in 1997. You can take a look at the listing for the property here and it's pretty spectacular: 16 rooms, 7,000 square feet and plenty of fireplaces, limestone and marble. Rent out the guest cottage to help pay the mortgage!

The home is being sold unfurnished which is a shame given that Kozlowski once spent $6,000 on a shower curtain and $15,000 on a "dog umbrella stand." Then there was the birthday party for his wife that included togas, vodka-spouting statues of David, Jimmy Buffett, and a cake with exploding breasts. The party cost $2 million, and Tyco paid for half of it.

To see a behind bars interview with Kozlowski, check out this fascinating clip from 60 Minutes.

Former Tyco CEO slashes price on Nantucket estate originally appeared on BloggingStocks on Fri, 31 Oct 2008 14:30:00 EST. Please see our terms for use of feeds.

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