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Monday, October 31, 2005

Martha Stewart: Her Westport Home is for Sale

Almost five months after rumors started flying that Martha Stewart was putting her Westport home on the market, the one-time Westport caterer has confirmed it.

“I hardly ever go there anymore. I don’t miss it,” Stewart told Fortune magazine.

Stewart now spends most of her time at her home in Katonah, N.Y., a 153-acre estate in the rolling horse country 40 miles north of midtown Manhattan. She bought the property in 2000 for $16 million.

Stewart had been a fixture in Westport since 1971, when she and her former husband, Andrew, purchased the nine-room, 19th-century colonial house on Turkey Hill Road South for $50,000.

Last June, the New York Post, citing unnamed sources, said Stewart planned to put the home on the market for almost $10 million. (See WestportNow June 6, 2005)

“Sources tell The Post that the domestic diva has local brokers doing a walk-through at her famed Turkey Hill Farm, which she brought as a young stockbroker in the early 1970s, and that she plans to list for almost $10 million,” the newspaper said.

The Post quoted a Stewart spokeswoman then as denying that Stewart, who is serving out her house arrest term at her Bedford, N.Y., estate, has any plans to sell the property.

A Westport broker who asked not to be identified told WestportNow it has been known for some time that Stewart would be willing to consider offers for the estate.

The Post quoted a source familiar with the property as saying: “That’s ($10 million) a pretty steep price for what it is. Despite its name, it’s basically a very nice three-bedroom house on four acres.”

Citing the unnamed source, the report said Stewart hopes there will be a “Martha premium” attached to the price of the property, from which she launched the catering company that eventually evolved into her lifestyle empire.

The property at 48 Turkey Hill Road South, which includes her original catering kitchen, is probably worth closer to $7 million, brokers told the newspaper.

“The house is beautifully done, but the gardens, while gorgeous, are overwhelming,” another source told The Post. “From a resale standpoint, you’d have to hire two or three full-time gardeners to maintain the grounds.”

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Posted 10/31/05 at 06:11 PM  Permalink



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Good riddance to her . Westport and it’s community was a fertile and gracious ground for Martha to grow her business and fame. Many were left behind in her climb to fame and her ingracious comments about our fair town leave a sour taste with us and a brooklyn cheer from us!

Posted by chip stephens on November 01, 2005 at 01:36 AM | #
 

West port would not be on the map to mast people if not for martha. And look at it this way martha only done what was right for her as we all do.

Posted by j. a .myers on March 20, 2006 at 08:45 AM | #