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April 2008


REAL ESTATE

Deeds & Don'ts

(Page 4 of 6)

Soon to be published in Coastal Living, the 3,215-square-foot home offers a newly renovated kitchen and four bedrooms and three full bathrooms (and one half-bathroom), including a grand, top-floor loft that can be used as an au-pair or guest suite and/or an office space. Its walk-to-town-and-beach location is right along Pequot Avenue. Anne Estelle of William Raveis in Southport has the listing (203-659-1621).

New Canaan Antique
$2 million

This is a truly cool property at a reasonable ask-given New Canaan's price of admission. The rambling, circa-1800 Colonial offers four bedrooms, three full bathrooms (and one half-bathroom) and a luxurious new kitchen within its 4,100 square feet. Its sellers recently obtained an historical barn from a neighboring property, had it painstakingly dismantled, reassembled and restored, giving it a fabulous family room and loft area. The one-acre grounds include a heated pool and attached three-car garage. Rachel Walsh of William Pitt Sotheby's International Realty in New Canaan has the listing (203-966-2633).

Sharon Retreat
$1.8 million

Overlooking thousands of acres of protected land, this newly constructed, architect-designed home is sited to take advantage of its Housatonic Valley views. It features four bedrooms, a great room with a fireplace and an eat-in kitchen with Viking appliances. It's listed with Roger Saucy of Klemm Real Estate in Washington Depot (860-868-7313, ext. 22).

RIPE FOR RENOVATION
Remember the rise of reality shows such as Flip This House that chronicled the purchase, renovation and profitable resale of homes that the market had left for dead?

Now that real estate sales are challenged, you might assume that the practice of investing in a house for the sole purpose of fixing it up and putting it back on the market would be waning. (Certainly, teardown prices have dropped a bit, now that buyers can pick and choose among really nice houses that don't need to be demolished and rebuilt.) Nationwide flipping may be a thing of the past, but in Fairfield County that business is quietly thriving, says realtor Bonnie Paige of William Raveis Realty in Southport.

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