There have been negotiations ongoing of new ownership and possible renovations to the estate. Parties had hoped to have a plan finalized by the end of 2011. The proposed renovation could take the estate back to a private residence, and offer guest rooms to social elite and that of a high society bed and breakfast. Ongoing searches for previous pieces of the estate that belonged to Lynnewood Hall have been undertaken, and the total cost of renovations will be determined by the Buyer.