How I wish this was true, but unfortunately Pia Zadora had most of the property razed to the ground because it was infested with termites. She later claimed that the real reason was the ghost of a laughing woman, who was someone Douglas Fairbanks had been having an affair with in the 1920s.
The present Pickfair was constructed around 2005 in a very different style, and I believe it is considerably more ornate and lavish than the original - including having 30 bathrooms.
This is an aerial photo of it when it was listed for sale at $60M