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Katharine Hepburn: Grand Dame's Grand Estate for Sale (photos)

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Katharine Hepburn: Grand Dame's Grand Estate for Sale (photos) 1 Listen to this article

Katharine Hepburn: Grand Dame's Grand Estate for Sale (photos) 2Katharine Hepburn’s sprawling estate in Connecticut, a symbol of the grand life the four-time Oscar winner lived, is on the market for a mere $18 million. Her family bought the property in 1913, and she lived out her life there.

Hepburn died in 2003 at the age of 96 and Frank Sciame, a construction company owner, bought the property with his wife, Barbara, in 2004 for $6 million. But it was in need of substantial renovation.

Sciame elevated the waterfront home several feet to reduce the danger of flooding in coastal storms and renovated the property with the intention of flipping it. It had been destroyed by a 1939 hurricane.

Check out Katherine Hepburn Estate; click photos to enlarge.

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But his family reportedly fell in love with the 8,300-square-foot house in Old Saybrook, Conn., and used the property as a summer getaway, according to the Wall Street Journal. It has has six bedrooms and eight bathrooms.

The three-and-a-half acre property represents the epitome in waterfront luxury living. It has a pond and 680 feet of waterfront on Long Island Sound. It’s also impeccably decorated in a breezy, but elegant New England style.

Sciame has divided the estate into three sections, available together or separately. The house and surrounding ground is on the market for $18 million. The entire property is being offered at $28 million.

Collett Harrington with William Pitt Sotheby’s International Realty has the listing.

During her career, Hepburn won best actress Oscars for “Morning Glory” in 1933, “Guess Who’s Coming To Dinner” in 1967, “The Lion in Winter” in 1968, and “On Golden Pond” in 1981.

High-end luxury real estate has been in a slump nationwide, with California particularly hard-hit. But the market is holding up better in the New York, New Jersey and Connecticut because of Wall Street’s rebound.

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