Martha Stewart sold her Westport, Conn., estate for $6.7 million — 26 percent below the asking price.The four-acre property, known as Turkey Hill, includes a 3,168-square-foot, three-bedroom farmhouse, built in the 19th century, a converted carriage house and a “party barn” that she used to entertain guests. The property also includes a pool and gardens. Records show that Stewart and her then-husband, Andy Stewart, bought the property in two parcels in the early 1970s for a combined $80,750.
Stewart, 65, launched her career in the house, starting a catering business out of the basement more than 25 years ago. She put the property on the market last year for just under $9 million. Earlier this year, she offered the main house on two acres for $4.5 million, though she never cut the price on the full estate. The sale was recorded on June 15. Stewart owns several other properties, including a 153-acre Katonah, N.Y., estate, which she said last year she planned to make her full-time home.
The buyer is a limited liability corporation with Charles G. Berg as its principal. Berg was chief executive of Oxford Health Plans Inc. until the Connecticut-based insurer was acquired by UnitedHealth Group Inc. in 2004. “We’re not planning on doing very much to it,” he says. Stewart “spent 35 years making it beautiful.” Susan Warburg, of William Raveis Real Estate, had the listing.
Luxury real estate. MARTHA STEWART SELLS ESTATE
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