>Baldwin family are local to Syracuse
Balwins are from Long Island – Massapequa. Syracuse is Central NY
https://www.syracuse.com/news/2014/10/bill_clinton_tom_mcdonald_skaneateles_auction_sold.html
Skaneateles, N.Y. — Tom and Cathy McDonald found a buyer for their lakeside estate in Skaneateles just before the property went to a luxury auction last weekend.
The sale price and buyer won't be public until the deal closes, which should happen in about a month. But the price exceeded the auction's reserve amount of $3.8 million.
President Bill Clinton and his family stayed at the home while on vacation in Skaneateles in 1999 and 2000. Actors Billy Baldwin and Stephen Baldwin and their families have stayed at the home as well.
The McDonalds opted for an auction to sell the estate quickly. They explored a number of options for the property after they stopped using it as their main residence in 2012, including converting it into a hospice or using it for some other charitable purpose.
It was listed for sale last year for $7.7 million. The McDonalds now split their time between Manhattan and Florida.
The auction had been scheduled for Oct. 25. But a potential buyer stepped forward with an offer before bidding began, according to Platinum Luxury Auctions, the company the McDonalds hired to auction the estate.
The McDonalds and the buyer negotiated and signed a purchase contract over the weekend.
Platinum Luxury Auctions hosted more than 100 visits at the property during a three-week preview period before the auction date.
Tom McDonald made his money in the real estate development business. For a time, he worked for Syracuse-based Pyramid Cos., the owner of Destiny USA. He later started his own firm.
Cathy McDonald previously ran a garden landscaping business and owned a children's clothing business, Mother Goat Clothes For Kids.
The 4.5-acre property includes a main residence, waterside boathouse and a separate guest house. It has natural stone and wood features, multiple fireplaces, a large outdoor living area right on Skaneateles Lake, a pool and a hot tub.
The estate has 10 bedrooms, nine full bathrooms, two half bathrooms and 370 feet of lake frontage. It has more than 15,000 square feet of total living space.
The property is assessed at more than $3.4 million.