Celebrity News

Billionaire Phil Falcone’s Halloween display has UES howling

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An old woman holding a dead baby is perhaps the creepiest part of the Falcone Halloween decorations.
Outside Phil Falcone and Lisa Maria's UES mansion.
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A flaming gargoyle surrounded by skull gate.
The couple even has a hearse outside their front doors.
A hearse sits on the street with a grim reaper beheading a corpse popping out of the roof.
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Beleaugered hedge fund billionaire Phil Falcone and his wife Lisa Maria have turned the façade of their Upper East Side mansion into a Halloween house of horrors — complete with a hearse parked out front — and neighbors in New York’s most expensive ZIP code are screaming their heads off in disgust.

Spies said the megarich couple have decorated their East 67th Street home — which they bought in 2008 for $49 million — with gory, macabre decorations that would terrify any adult, let alone local kids.

A black hearse sits out front, with a black-clad grim reaper beheading a corpse popping out of the roof. Nearby, smoke billows from the mouth of a huge, glowing, growling gargoyle. A possessed little girl sits on a swing with a sign that says “Cemetery,” next to a crouching, howling witch with bat wings.

But perhaps the most disturbing horror prop is a creepy, old, dwarfish crone with stringy gray hair and striped socks who’s holding a turgid, dead baby. Making the scene even more macabre are fake rats and dismembered baby limbs, skeltons and a sign that says, “Keep out.”

The gruesome Halloween décor this year might reflect Phil’s state of mind after making a settlement with the SEC, and seeing his recent investment in wireless startup debacle LightSquared blow up.

Phil Falcone and wife Lisa Maria in 2011.PatrickMcMullan.com

One neighbor said, “Other mansions on the street are decorated, but the Falcones’ grasp of horror is at another level.” Another local cracked, “This dovetails with rumors they couldn’t even find a new hearse. That old thing looks like it’s from ‘Ghostbusters.’ ” A third joked, “Should Jonathan Tisch have to walk by the hearse every day?” Neighbors in the tony hood include Jeff Koons, who’s constructing a megamansion across the street, and Jonathan and Lizzie Tisch.

The Falcone mansion has played home to some colorful characters before: It was previously owned by Penthouse publisher Bob Guccione.

Phil said Thursday night through a rep, “I guess the display is working if it’s scaring people.”