A Connecticut mansion formerly owned by Donald and Ivana Trump just got a major discount after struggling to sell for 8 years see inside the 11-bedroom compound

Courtesy of James Gagliardi / Brown Harris Stevens

• A Connecticut estate formerly owned by Donald and Ivana Trump was re-listed for $29.9 million.
• The current owners have been trying to sell the home since 2014 when it was first listed for $54 million.

A Greenwich, Connecticut estate formerly owned by Donald and Ivana Trump is back on the market — this time for $29.9 million.

Courtesy of James Gagliardi / Brown Harris Stevens

The current owners, former Bear Stearns executive Robert Steinberg and his wife Suzanne, have been trying to sell the Connecticut mansion since 2014, when they first listed it for $54 million.

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The couple purchased the home for $15 million in 1998 from Ivana Trump, who received the property during the divorce.

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The 11-bed, 18-bath mansion is located at 21 Vista Drive in the Indian Harbor Association, a private community secured by a guard house.

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"The pricing has been addressed and the market has improved," listing agent Rob Johnson told Insider. "Hopefully those two things will come together to give us some more positive results."

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The 5.8-acre property also includes guest suites and "generous staff accommodations," the listing says, allowing the opportunity for a "multi-generational compound."

Guest suites and staff housing are located in a separate building on the property.      Courtesy of James Gagliardi / Brown Harris Stevens

Perched on the tip of a peninsula, the home overlooks the Long Island Sound and comes with a deep water dock.

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Let's take a virtual tour of the property, starting with the first floor of the main home.

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21 Vista Drive was originally constructed in 1939 and has since undergone several additions and renovations.

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Vaulted ceilings of over 20 feet are on display in one of the home's several living and dining areas.

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Potential buyers will likely be "split down the middle" on whether they choose to renovate or rebuild the current home, Johnson said.

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The current price of $29.9 million really reflects the "land value" of the property, he added.

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The formal dining room, pictured below, can sit 17 guests.

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But please, no politics at the dinner table.

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The kitchen is extremely white, with new appliances and marble countertops.

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During the warmer months, take lunch on the screened-in porch before heading out to the pool.

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Now, let's head upstairs for a peak at some of the mansion's eleven bedrooms.

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Each of the bedrooms are incredibly spacious ...

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... and many boast water views.

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Others showcase the home's signature fireplaces and chandeliers.

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The children's room is slightly more colorful, featuring decorative wallpaper and wall art.

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The main bedroom is fit for a king and queen ... or president.

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The guest suites have their own private entrances, according the listing.

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For entertainment, head downstairs to the in-house movie theater.

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Or play a game of pool by the fire.

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Other in-house amenities include a fitness room overlooking the Sound ...

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... and an indoor pool.

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If you thought that was impressive, step outside to check out the outdoor pool ...

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... complete with a lounging area ...

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... and manicured lawn.

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But no Greenwich estate is truly complete without a private tennis court.

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"If you want waterfront and you want privacy, a lot of the times it's mutually exclusive," Johnson told Insider. "With this property it's not — you can have both."

Courtesy of James Gagliardi / Brown Harris Stevens