This art collector’s Connecticut compound just hit the market for $20M

The 51-acre estate includes an art gallery and a pool house

Tri-State /
Mar.March 29, 2019 02:30 PM
Melva Bucksbaum and her estate in Sharon, Connecticut (Credit: Getty Images and Klemm Real Estate)

Melva Bucksbaum and her estate in Sharon, Connecticut (Credit: Getty Images and Klemm Real Estate)

A sprawling Connecticut estate, complete with its own private art gallery, could eventually become the priciest home sale in Litchfield County.

The compound in Sharon, Conn. is on the market for $20 million, the Wall Street Journal reported. The property is being sold by the estate of Melva Bucksbaum, a longtime trustee of the Whitney Museum of American Art who died in 2015.

Klemm Real Estate’s Graham, Carolyn and Peter Klemm have the listing.

The compound spans about 51 acres — with a roughly 9,000-square-foot main house and a 14,000-square-foot art gallery. The property also includes a swimming pool and a pool house with a library on the second floor. Two guesthouses and a two-bedroom caretaker’s cottage are also on the property.

Bucksbaum bought the main house and about five acres in 2005 for $3 million, the report said. She paid $1.5 million for the adjacent 45-acre parcel in 2015. Bucksbaum was the widow of the late Martin Bucksbaum, co-founder of mall giant General Growth Properties, which Brookfield Property Partners purchased in 2018. She and her fourth husband, former commodities trader Raymond J. Learsy, were well-known for collecting contemporary art.

The listing is on par with former tennis great Ivan Lendl’s Litchfield County estate, which has been on and off the market for years. It’s currently asking $19.5 million.

Bucksbaum’s home was previously owned by Frank Oz, the director and puppeteer known for the Muppets. Sharon is also home to actors Kevin Bacon and Kyra Sedgwick. [WSJ] — Meenal Vamburkar


Related Articles

arrow_forward_ios
Bridgehampton, NY (Google Maps)
Divorce lawyer sells Bridgehampton home for $45M
Divorce lawyer sells Bridgehampton home for $45M
A photo illustration of One John Street (left) and 79 Second Place (right) in Brooklyn (Douglas Elliman, Front Inc., Getty Images)
Brooklyn’s top deal last week? Just $6M
Brooklyn’s top deal last week? Just $6M
565 Broome Street, Heat Wave
Manhattan’s luxury market records slowest week since 2020
Manhattan’s luxury market records slowest week since 2020
Corcoran’s Catherine Juracich and Official’s Tal Alexander with 22 Bond Street (Getty, Alexander Brothers, BKSK Architects)
Shake-up at 22 Bond: Corcoran in, Tal Alexander out at NoHo condo
Shake-up at 22 Bond: Corcoran in, Tal Alexander out at NoHo condo
Andy Cohen and 299 West 12th Street (Getty Images, Google Maps)
Bravo boss Andy Cohen in contract for West Village penthouse
Bravo boss Andy Cohen in contract for West Village penthouse
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Seattle Hotel Group's Bruce McCaw and property at Hunts Point, Washington (Getty, Windermere Real Estate)
Bruce McCaw’s Northwest estate hits the market at record-setting price
Bruce McCaw’s Northwest estate hits the market at record-setting price
Extell's Gary Barnett and 217 West 57th Street (Barnet by Paul Dilakian, Itrytohelp32, CC BY-SA 4.0, via Wikimedia Commons)
Barnett: Central Park Tower will fall short of $4B sellout
Barnett: Central Park Tower will fall short of $4B sellout
arrow_forward_ios

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

Loading...