A trust tied to the family of the late Washington Post publisher Katharine Graham, is reportedly selling a large portion of her Martha’s Vineyard beachfront property.
The Wall Street Journal reports in the recent article, “On the Market: Katharine Graham’s Summer Estate for $39.5 Million,” that the expansive 186-acre beachfront property overlooks James Pond, Buzzards Bay and the Elizabeth Islands. There are meadows, stone walls and a brook that runs through the land, according to listing agents Gerret C. Conover and Thomas E. LeClair of LandVest, an affiliate of Christie’s International Real Estate.
Graham led the Washington Post through its ground-breaking reporting of the Watergate scandal and the 1971 publishing of the Pentagon Papers. The period was depicted in the 2017 movie “The Post.”
Graham purchased the property in the early 1970s, in an effort to keep it from developers, according to LandVest.
In her memoir, “To the New Owners,” journalist and author Madeleine Blais said the property “felt like the set of a Katharine Hepburn movie, one in which the heroine shows verbal spunk and athletic grace in equal measure.”
Katharine Graham died in 2001. In her will, she bequeathed a large part of the original property to her son William, a lawyer and philanthropist, according to the listing agents. He passed away last year. The property is now owned by several limited companies, linked to trustees and executors for William Graham’s estate. The proceeds of the sale reportedly will be donated to charity, according to the listing agents.
The house on the property is about 5,000 square feet with eight bedrooms. It has a large covered deck for dining with views of the Atlantic Ocean and a large kitchen for entertaining.
Graham’s property also includes a three-car garage with an apartment, a two-story caretaker’s home, and barn and a one-bedroom private beach house.
The home where Katharine Graham lived was called “Mohu.” That house is on a separate parcel and is not part of the sale.
Placing your property into trust, can make transferring or selling the property simpler after the passing of a loved one. Call Rowley Law today at 847-490-5330, to discuss placing your property into trust.
Reference: The Wall Street Journal (August 1, 2018) “On the Market: Katharine Graham’s Summer Estate for $39.5 Million”