From LLNYC: The main property on the original Hepburn family estate was recently lowered from the original asking price of $14.8 million to $11.8 million. And guess what? Now it has found a buyer. It was sold at $11.5 million by New York developer Frank Sciame, according to the Post. The significantly smaller second parcel of this estate is still available at the asking price of $5.88 million.
The Old Saybrook, Connecticut estate built for Katharine Hepburn and her family in 1939 is back on market as two separate lots asking a total of $17.7 million.
The main property at 10 Mohegan Avenue — which was used as the Hepburn summer retreat for 65 years — is asking $11.8 million ($3 million less than it was asking in 2014) and includes a six bedroom, 8,400-square-foot home that was renovated in 2005. The house is set on 1.5 acres, overlooks a private pond and golf course and includes 220 feet of Long Island Sound frontage with a private dock.
6 Mohegan Avenue is the cheaper of the two lots at a pinch under $5.9 million and includes a three-bedroom beach house that was built on a separate adjacent parcel in 2015. This parcel comes with four large decks overlooking the Long Island Sound, Connecticut River, a pond and golf course.
The property — owned by Frank J. Sciame, Jr., founder and president of Sciame Construction Company — borders more than three acres of open space that was donated to a land trust by the estate of Katharine Hepburn.
Colette Harron of William Pitt Sotheby’s International Realty Essex has both listings.