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Wednesday, March 30, 2005

Westport’s $14.6 Million Record Property Sale Prompts Teardown Application

First there was the eye-popping $14.6 million Westport record property sale earlier this month. And now comes the teardown application also a record.100beachside03290504260-.jpg
Record teardown: the original 1929 portion of the main house at 100 Beachside Ave. is set for demolition. (CLICK TO ENLARGE) WestportNow.com photo

The application filed at the Westport Building Department specified only a portion of the 1929 main house of the property at 100 Beachside Ave. would be demolished. Parts of the structure were updated and expanded in 1980 and 1984.

Because it involves a building more than 50 years old, the application will automatically be reviewed by the Westport Historic District Commission.

The property ֖ actually two parcels at 100 and 102 Beachside Ave. covers 4.3 acres and contains a gate house, a tennis court, two swimming pools ֖ one indoor and one outdoor—and a 228-foot private beach.

The pink stucco house with a red tile roof changed hands March 3. Its 9,359 square feet and 17 rooms include eight bedrooms, nine full baths and three half baths as well as five fireplaces. (See WestportNow March 7, 2005)

The sellers were Joel and Joan Smilow. He is former chairman, CEO and president of Westport-based Playtex Products Inc. The buyers were Marc and Cathy Lasry. He is the founder and managing partner of New York-based Avenue Capital Group, a distressed fund manager.

The property sits about mid-way along Westport’s Beachside Avenue, known as Westport’s “Gold Coast. The area is also home to talk radio host Don Imus, Hollywood producer Harvey Weinstein, entertainment personalities Marlo Thomas and Phil Donahue, and real estate developer Sam Heyman.

Last week, Imus referred to his Westport Beachside Avenue home as a “$30 million estate on the water” as he answered questions about the costs of a charity he operates at his ranch in New Mexico.

In recent years, some Beachside Avenue owners have purchased adjacent land and knocked down older homes to expand their property and improve their water views.

Dave Matlow contributed reporting for this article.

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Posted 03/30/05 at 04:05 AM  Permalink



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The Smilow family contributed to many aspects of the well being of our Community- I hope they haven’t left- in any case I wish them well in the future.

ron m

Posted by Ron Malone on March 30, 2005 at 10:21 AM | #
 

Since the building is not being demolished, is it technically not a “tear down”....but, rather a remodel? Hope the new owners save the pink stucco. After all, we already lost one pink landmark on Main Street a few years ago!
WALLY WOODS

Posted by Wally Woods on March 30, 2005 at 09:32 PM | #