Leona Helmsley's Greenwich Estate: Price Drops 40% (SLIDESHOW)

The Associated Press reports that the palace of the Queen of Mean is on sale -- at 40 percent off.

The late Leona Helmsley's mansion in Greenwich, Conn., is now on sale at the discount price of $75 million, down from the already cut-rate $95 million it was offered for last Fall. The story was first reported in the Stamford Advocate.

The estate, called Dunnellen Hall, was originally put on the market for $125 million in early 2008.

The house -- perched on a hill with stunning views of Long Island sound -- boasts a 70-foot reflecting pool with a fountain, an indoor pool and 47-foot reception hall, the paper said.

Proceeds from the sale are to go to a charitable trust established after her death in 2007.