They beat us to it. Just as we were calling Douglas Elliman, phone in hand and 16 million dollars, also in hand, the diminutive Olsen twin and her banking beau Olivier Sarkozy snapped it up.

Olivier Sarkozy and Mary Kate Olsen’s modest new pad is in an area of Manhattan named Turtle Bay, sold under the original asking price, for 13.5. The house,  described as ‘a cornerstone of Turtle Bay Gardens, a unique enclave of townhouses on an exclusive central garden promenade,’ and boasts ‘a hall of mirrors leading to a double height grand ballroom, with 22 ft. ceilings…an expansive double height sky lit artist’s studio…a private garden with its own central fountain…four to five bedrooms, seven fireplaces, garage, elevator.’

The listing goes on to explain the history of the enclave: ‘Turtle Bay Gardens was created by Charlotte Martin in 1920, when she bought a collection of 1860’s townhouses, transformed them, and sold them to a select group of friends. A more in-depth history can be read here at NYTimes.com.

Images and information from Elliman.com.