What's Happening?
A historic 19th-century home in Sag Harbor, frequented by the late novelist Truman Capote, has been listed for sale at $16.49 million. The property, located at 207 Madison St., was purchased in 2022 for $2.85 million and has since undergone extensive renovations. The home, originally built in 1841, was a retreat for Capote after his social exile from New York. The current owner has preserved many original features while adding modern amenities. The property includes a 5,000-square-foot main house, a saltwater pool, and a glass conservatory. Capote's 1967 red Mustang convertible is also available for purchase.
Why It's Important?
The listing of this property highlights the enduring cultural and historical significance of homes associated with literary figures like Truman Capote. The high asking price reflects both the extensive renovations and the property's storied past. This sale could impact the local real estate market by setting a precedent for the value of historically significant homes. Additionally, the property's connection to Capote may attract interest from literary enthusiasts and collectors, potentially increasing tourism and cultural interest in the Sag Harbor area.
