SANDS POINT - Demolition is under way at the Gold Coast mansion that may have inspired "The Great Gatsby."

Crews began tearing down the 25-room home over the weekend to make way for five separate $10 million houses.

The mansion was originally up for sale for $30 million, but the developer opted to destroy it because he said it was costing $4,500 per day to maintain.

Land's End in Sands Point is what many believe to be the inspiration for Daisy Buchanan's home in the "The Great Gatsby" by F. Scott Fitzgerald.

Many Long Islanders say they are saddened that the home, which captured the imagination of Americans for generations, will soon be gone.

Gatsby mansion to be demolished this month