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Tuesday, May 02, 2006

Donahue and Thomas Sell Westport Property for $25 Million

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Longtime Westport celebrity residents Phil Donahue and Marlo Thomas have sold their 17-room Green’s Farms mansion with Long Island Sound views for their asking price of $25 million.donahueaerial08170501.jpg
Aerial view of the Donahue-Thomas Beachside Avenue property. (CLICK TO ENLARGE) Nicholas H. Fingelly photo

Donahue, 70, and Thomas, 68, put the 7.7 –acre Beachside Avenue property on the market last August. They filed papers Monday recording the sale, according to Town Clerk Patricia H. Strauss.

The purchaser of the three adjoining lots at 112, 114, and 116 Beachside Avenue was listed as Evergreen East LLC, Evergreen West, LLC, and Evergreen North, LLC. State records show the principal is Herbert M. Allison Jr., chairman, president and CEO of TIAA-CREF, one of the nation’s largest financial services firms.

Donahue told reporters last summer that he and his actress wife were not leaving Westport but would stay in the neighborhood. (See WestportNow Aug. 16, 2005)

The listing for the property described the home as a 7,379-sq.ft. 1911 wood and stucco Tudor with 17 rooms, including nine bedrooms, nine baths and powder rooms, and five fireplaces. There is also a guest house.

Donahue, whose syndicated television talk show ran for 27 years, bought the adjoining property in 1988 and caused a controversy when he demolished a home designed by well known architect john Johansen. He said it was to provide better security for his property, not to improve his water views.

The couple live on a stretch of mansion-lined Beachside Avenue that is also home to radio personality Don Imus and film producer Harvey Weinstein.

Imus had put his house on the market last year but later decided to take it off after almost selling to a hedge fund manager. He has said that the property was valued at $30 million.

In March 2005, the property at 100 Beachside Avenue changed hands for $14.6 million—up to then the highest price ever paid for a Westport residential property. The new owners soon after applied for a demolition permit. (See WestportNow March 30, 2005).

Posted 05/02/06 at 03:10 AM

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