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Occupying prime real estate—on the corner of Post Road with views onto the Saugatuck River—the gracious, circa-1873 building apparently wasn't thriving as a hotel. It was sold on December 26 for $19.9 million to Antares Investment Partners in Greenwich, a deal that includes the shops around the base of the building. An Antares spokesperson confirmed the deal, adding that the building would remain an inn operating under the same name, but "repositioned" in the marketplace, he said.
HOT HOUSES: A FIRST LOOK AT THE BEST OF 2007
Here, a look at four fabulous properties that seem custom-designed to start the year with some impressive sales.
Style Setter Sells
Sarah Kaplan is proprietor of a super-stylish Westport shop called Dovecote, which sells furnishings, art and accessories for the home. While presiding over one of our area's busiest boutiques, Kaplan found time to renovate the gorgeous Redding home she shares with her husband, Robert Aldrich, president of Giorgio Armani North America.
With plans to move to another historic home in Easton, the couple has just put their home, called Stone Hill, on the market—and it won't last long, by the looks of it. The circa-1800, 3,600-square-foot former cobbler's cottage has retained its antique charm with wide-plank floorboards, exposed beams, dormered ceilings and three working fireplaces. Kaplan has renovated all four bedrooms and bathrooms and constructed a new kitchen (with Viking appliances and honed Carrara marble countertops) while replacing doors, windows and mechanicals throughout the house.