Friday, May 19, 2006

Martha Stewart Selling Farm for $9 Million


Martha Stewart's four-acre Westport, Conn., home is on the market for $9 million.

Turkey Hill, as the estate is called, contains three bedrooms, a "party barn," a heated pool and an orchard, all carefully renovated and manicured, the Wall Street Journal reports. The farmhouse was built in 1805, and Stewart and her then-husband, publisher Andy Stewart, bought it in 1971.

Susan Warburg of William Raveis Real Estate tells the Journal that the kitchen remains just as it did 25 years ago, when Stewart started her first catering business there.

Stewart, 64, sold her 2.5-acre East Hampton estate for nearly $9 million recently and her Greenwich Village apartment for $6.65 million last year. She intends to make her 153-acre Katonah, N.Y., home – where she served five and a half months under house arrest after leaving prison in 2004 – her main residence.

She still owns 62 acres in Seal Harbor, Maine; an oceanfront manor in East Hampton and a one-bedroom apartment on Manhattan's Fifth Avenue.

In other real-estate news, the Journal reports that Nicolas Cage has bought an undeveloped, 40-acre-plus island in the Bahamas that had been on the market for $3 million and is near an island owned by Faith Hill and Tim McGraw.

Source: PEOPLE

2 comments:

  1. Anonymous2:28 PM

    Ooh, Turkey Hill is not at all what you'd expect when you actually see it from the road. My husband and I used to live in the area, and the house is tiny, right up on the street, and the neighboring homes are not nearly as "charming." I guess someone will pay the price, though, to own a "piece" of Martha.

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  2. Yes, I've seen it too and it was a little disappointing. The price is definitely due to the name recognition.

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