Tough housing market: Martha Stewart’s Westport house went for 26% below asking price
-
- July
- 13
It turns out even Martha Stewart isn’t immune to the housing slump in this area. The domestic diva’s Westport, CT home, aka “Turkey Hill,” which she sold this spring after 35 years, actually went for a whopping 26% below her asking price. Stewart had the home on the market for over a year, with a $9 million price tag. She eventually sold it for $6.7 million, according to The Westport News.
Considering what Martha paid for it back in the early 70s–$80,750–the multi-million dollar sale doesn’t seem all that bad.
Here’s how the Westport News describes the home: “The four-acre property with a three-bedroom farmhouse, built by an onion farmer in 1805, includes a converted carriage house and a ‘party barn’ that Ms. Stewart used to entertain guests.”
Stewart now calls Katonah home, where she lives on a 153-acre piece of land.
And who bought Stewart’s infamous Wesport home? That would be Charles G. Berg, former chief executive of Oxford Health Plans Inc.
He told the News: “We’re not planning on doing very much to it. Ms. Stewart spent 35 years making it beautiful.”
This entry was posted
on Friday, July 13th, 2007 at 10:35 am by Suburbarazzi.
You can follow any responses to this entry through the RSS 2.0 feed.
| 
Click here to check out Suburbarazzi's Star Map
