We were warned this would happen, but it’s still a sad day for nostalgists and fans of F. Scott. The Wall Street Journal, which has a pretty dramatic picture of the razing, reports that the Sands Point, New York, mansion believed by some to have inspired The Great Gatsby has been demolished. The lot can look forward to becoming home to a subdivision of $10 million homes. The house was built in 1902, and people like Dorothy Parker, Groucho Marx, the Duke and Duchess of Windsor, Ethyl Barrymore, and Winston Churchill all partied there, quite stylishly, we imagine. R.I.P, possible Gatsby manse. Video after the jump, via CNN.