Caroline Kennedy Schlossberg, seen here with her uncle, Sen. Ted Kennedy, is saying goodbye to the Kennedy Compound in Hyannis
It looks like one of the Kennedys is parting ways with the famous Kennedy Compound. Caroline Kennedy Schlossberg recently sold her home at 111 Irving Ave. in Hyannis for a cool $3 million to Michael D. Ford and the Irving Avenue Nominal Trust. The home, which in assessors’ records was listed as being owned by Jacqueline B. Kennedy as well as Caroline, is part of the Hyannisport compound where several Kennedys own homes, including Ethel Kennedy and Sen. Ted Kennedy, who inherited the property when his mother Rose died. The home that Caroline sold on June 7 was built in 1925 and features 12 rooms, a porch, outdoor terrace and over 4,000 square feet of living space. The property was recently assessed for $1.6 million. Kennedy, 46, resides on Park Avenue in Manhattan with her husband Ed Schlossberg, and their three kids, Rose, 16, Tatiana, 14, and John, 11.
While the $3 million deal should help sustain even a Park Avenue lifestyle, it’s not the most expensive residence in Hyannis to trade hands this year. In May, former FleetBoston Financial honcho Eugene M. McQuade and wife Peggy plunked down $4.95 million for a four-bedroom, three-and-a-half bath home on Dale Avenue. Since McQuade resigned as Bank of America‘s president about a month ago, he’ll have plenty of time to vacation at his Cape Cod home. Other high-end home sales in Hyannis this year include a property at 156 Harbor Bluffs Road that fetched $1.8 million, a home at 19 Irving Ave. that went for $1.65 million and a home near the Kennedys at 110 Irving Ave. that sold to Timothy and Jennifer Shay for $1.4 million.
Small Change
CANCELLED CRUISE: The Teller hears that the Massachusetts Association of Realtors had to cancel a Caribbean cruise it scheduled for members due to lack of interest. The seven-night cruise was set to sail from New York last week. MAR had reserved 90 cabins after conducting an electronic survey of members, which indicated that Realtors were very interested. The cruise would have enabled Realtors to take continuing education courses onboard and schmooze with colleagues while enjoying warm tropical breezes. Instead, Realtors are stuck in the Bay State, awaiting the dreaded traffic and other headaches that the Democratic National Convention will bring in a few weeks Â…
VOTED INN: Speaking of the DNC, one group is gearing up for a rally to register low-income and homeless people to vote just days before the convention. Residents of the Pine Street Inn in Boston are planning a rally on July 22, and have been urging groups across the country to have similar voter registration drives in July, according to a weekly newsletter distributed by the National Low Income Housing Coalition. The Boston rally takes place at noon at the Christian Science Center. The Partnership for the Homeless in New York City has also scheduled an event on July 22. The organization will have a block party in the city’s Chelsea area and will provide information on the presidential candidates, as well as register voters.
Weekly Statement
“We can’t be bought out by anyone. That’s one of the attractions of a mutual for customers. Many customers are tired of being sold from one bank to the next.”
James Lavoie, chief executive of Middlesex Savings Bank.
