Now DailyMail.com can reveal exclusively the buyer is Muhammad bin Fahd, the son of the late King Fahd and the former governor of the Eastern Province of Saudi Arabia.
The 65-year-old prince has been remodeling the property - a 5,100-square-foot, four-bedroom penthouse - since the purchase, and neighbors are 'shocked,' according to an insider.A source tells DailyMail.com
'Ever since Prince Fahd bought the home nearly two months ago, he has had designers and contractors in and out of the place,' .'He is ripping it to shreds. Everyone is surprised because the place had a certain French look, it was very specific, and one would think the buyer would be into that. And now he doesn't want that.'The property, which is only a half block from Central Park will look completely different from the way Rivers had it, said the insider.
The Louis XIV-inspired rooms - which include both a former ballroom and music room - have 23-foot ceilings and antique columns. The penthouse also boasts two large entertainment spaces, which can accommodate 125 people.Joan once described the condo as 'where Marie Antoinette would have lived if she had the money.
The insider added
'The whole Palace Of Versailles thing is going,' said the source. 'It looks like all traces of Joan's style will be erased.''It was not the look Prince Fahd wanted. So he is erasing what Joan did. It's kind of a shame. First Joan died. Now her condo is dying. But that is life, it is constantly changing. Still, it feels weird.
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