A Westport plastic surgeon who recently pleaded guilty to tax evasion and fraud has listed his waterfront home for $15.5 million, according to The Wall Street Journal.
The gated, 2.5-acre property on Saugatuck Avenue has a waterside pool, tennis court, 192 feet of water frontage and a deep-water dock, according to the listing, the newspaper reported.
The 12,000-square-foot, six-bedroom house, built in 1961, has a 16-person hot tub, an eight-seat movie theater, game room and an apartment over the four-car garage.
The property is owned by Steven Herman, a plastic surgeon who practiced in Norwalk and Manhattan. In September, Herman pleaded guilty to charges of tax evasion, illegal structuring of financial transactions and health-care fraud. (See WestportNow Sept. 18, 2006)
According to the U.S. Attorney’s office, Herman skimmed more than $883,000 in cash from his practice over five years, hiding the money from the Internal Revenue Service.
Herman, who will be sentenced next month, faces up to 25 years in prison and as much as $850,000 in fines.
He and his wife, Catherine, bought the Westport property in 1990 for about $2.6 million, records show, the Journal said.
Herman’s attorney declined to comment, the newspaper reported.
The listing agent, Michelle Genovesi, of William Raveis Real Estate, says she plans to take the property off the market for the holidays and relist it in late January, the report said.
nice to see that his property was appraised at $5.54 million total value in 2005 for real estate tax purposes (295 Saugatuck Ave), while many of us are stuck with a 2005 tax appraisal that is at or above the likely listing price on our homes . . .