Historic lighthouse added to Katharine Hepburn’s Conn. estate

NYC construction mogul Frank Sciame purchased the landmark for just $290,000 at auction

New York /
Sep.September 05, 2015 11:00 AM

Frank Sciame, the CEO of the eponymous construction company, has picked up a historic accessory for his Connecticut estate – a lighthouse. Sciame’s estate is famed as the former home of iconic movie star Katharine Hepburn.

The 127-year-old Connecticut lighthouse — which is actually featured on some license plates – sold for just $290,000 at auction, according to the New York Post. Sciame purchased Hepburn’s 3.4 acre estate in 2004, shortly after her 2003 death for $6 million.

Sciame bought the estate in 2004, shortly after Hepburn’s 2003 death, for $6 million. Since then he has tried to sell the property various times and in various forms. First it was listed for $28 million in 2011, following a multi-million dollar renovation. He also subdivided the property into three lots. After a house was added to the East lot in 2012, the property was re-listed for $30 million. Sciame then tried selling only the main house and dock for $18 million in 2013, before lowering the asking price to $14.8 million a year later.

Sciame, who is the former chairman of the South Street Seaport Museum and former chair of the New York Landmarks Conservancy, told the Post that he plans to turn the Old Saybrook Breakwater Lighthouse, which registered on the National Register for Historic Places, into a guesthouse.

“The lighthouse withstood the hurricane of ’38, Sandy and Irene. In stormy weather, we could have fun with our grandchildren without fearing that it would come down,” Sciame said. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)
Luxury real estate anyone? US Open stars and their palatial pads
Luxury real estate anyone? US Open stars and their palatial pads
Lena Dunham and 60 Broadway (Credit: Getty Images)
Lena Dunham’s “massive real estate mistake”
Lena Dunham’s “massive real estate mistake”
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Greg Norman with 382 South Beach Road and 12227 Tillinghast Circle (Getty, Shawn Hood Media, Google Maps)
Greg Norman picks up Palm Beach Gardens manse after selling Jupiter Island estate for $55M
Greg Norman picks up Palm Beach Gardens manse after selling Jupiter Island estate for $55M
Bella Hadid and 63 Greene Street (Getty, StreetEasy)
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Madonna and The Weeknd with the Hidden Hills home (Getty, Redfin)
Madonna heads for the Hills; she’ll stay more than The Weeknd
Madonna heads for the Hills; she’ll stay more than The Weeknd
Greenwich, CT closed 200 transactions in the first quarter. (Getty)
Greenwich home sales double and hit 16-year high countywide
Greenwich home sales double and hit 16-year high countywide
The Goodtime Hotel with Pharrell Williams and (from top) David Grutman, Michael D. Fascitelli and Eric Birnbaum (Getty, Alice Gao)
Pharrell’s Goodtime Hotel opens in Miami Beach
Pharrell’s Goodtime Hotel opens in Miami Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...