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June 2007


REAL ESTATE

Deeds & Don'ts
By Lily Oliver

INSIDE STORIES BEHIND AREA REAL ESTATE DEALS

Celebrities in Connecticut: Going, Gone
Opportunities for celebrity sightings have always been slim in our state. But two recent news reports conspire to strip Connecticut of its star power entirely. For starters, Martha Stewart has sold her Westport compound—smallish main house, catering barn, party barn and extraordinary pool and gardens—listed for $9 million more than a year ago. Stewart told the New York Post she was "very depressed" after she signed the contracts and "had to go home and go to sleep." Having lived in the Turkey Hill antique for more than 25 years, Stewart chose to spend her 2005 court-ordered house arrest in her Bedford, N.Y. estate—and never really returned to Westport subsequently. As for who will occupy Martha's manse, sources remain mum. "A young family already living in Westport," is how one realtor described the buyers who paid between $7 and $8 million. The buyers reportedly plan to leave the house as is, but will create a more commodious master suite and family room.

Rapper's Delight
Having read more than our share of real estate brochures, we thought we'd heard every sales pitch imaginable, but this description was new to us: "It's all very tasteful, except for the stripper poles," a Farmington realtor told the Hartford Courant about the home rapper 50 Cent put on the market for more than $10 million. "Fitty" bought the 48,000-square-foot mansion—the site of raucous parties, at which the list of uninvited guests included the Farmington police—in 2003 for $4.1 million, and spent a reported $6 million in upgrades, which include a movie theater, helicopter landing pad, pool and a spa with grotto. No word as to whether the aforementioned poles were Fitty's doing or came with the house, once owned by Mike Tyson.

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