Katharine Hepburn’s Onetime Old Saybrook Summer Home Sells at a Discount
After purchasing Katharine Hepburn's Old Saybrook estate in 2004 for $6 million, Manhattan builder Frank Sciame is letting go of the property he invested "more than a million dollars" renovating. A lucky buyer has reportedly purchased the 8,400-square-foot Colonial-style home for $300,000 below the $11.8 million asking price.
The waterfront estate sits on 1.5 acres of prime Connecticut shoreline. Hepburn and her family retreated to the six-bedroom property, which also includes a private dock, for decades.
In addition to the six bedrooms, the home's gourmet kitchen is complete with custom cabinetry, a center island, white marble counters, AGA stove, and Sub-Zero refrigerator.
The listing, held by William Pitt Sotheby's International Realty, notes "the executed design is a marriage of history and modern amenities."
"Preserving the historical integrity of the structure was obviously paramount," Sciame told Forbes. "But from the start we knew serious measures needed to be taken to make the property safe and resilient to storms."
There is still a second property associated with the estate for sale. 6 Mohegan Avenue is a 3-bedroom, 4-bathroom Shingle-style resting on 1.3 acres and listed for $5.88 million.