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March 2008


REAL ESTATE

Deeds & Don'ts

(Page 2 of 7)

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Beautifully renovated, Hockanum features an indoor and outdoor pool and a third-floor media room with a real home theater—that is, a raised stage with a curtain—as well as modern-day media accoutrements. It also boasts the Lincoln Bedroom, still equipped with the bed upon which Honest Abe slept during a trip up north to solicit funds to finance his war.

At press time, a Westport home designed by Lynne Scalo was going to contract for its asking price of $2.8 million or more, we heard, and it generated a good, old-fashioned bidding war. Less than a week after it popped onto the market, the listing's multiple bidders were asked to submit their highest and best offers. Credit Scalo, owner of the eponymous design firm that also sells original art, furniture and lighting fixtures, for transforming the five-bedroom, five-bathroom Colonial into the chic family home that was featured in this magazine last fall. While we presume most of the Scalo-selected furnishings will vacate the premises along with the sellers, the home's new owners will inherit the gorgeous new kitchen and baths, the cool Osborne & Little wallcoverings and the terrace overlooking the pool. Cathy Blount of the Riverside Realty Group in Westport had the listing.

Westport also recorded the $3.1 million sale of a lovely Greens Farms estate on Flower Farm Circle. Listed as buyers are Christopher Hohn and spouse Jamie Cooper-Hohn of the London-based Children's Investment Fund Management, which is threatening to give hedge funds and their managers a good name: A portion of profits goes to improving the lives of children living in poverty and its shareholders are known for their "aggressive activism," according to one report.

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