Key facts
- The former estate of Yankee Candle founder Michael Kittredge II has sold for $4.55 million.
- The property was initially listed for $23 million in 2022 by his son, Michael Kittredge III.
- The estate spans 120,000 square feet across eight structures, including a main house, clubhouse, spa, and guest houses.
- A developer's plan to create a senior living community did not materialize.
- The buyers, David and Kerry Reasoner, intend to use the property as an event space and luxury destination.
The sprawling Massachusetts estate once owned by Yankee Candle founder Michael Kittredge II has sold for $4.55 million, marking a significant discount from its initial listing price. The property, located in Leverett, Massachusetts, was put on the market in September 2022 by Kittredge II's son, Michael Kittredge III, for $23 million.
The estate encompasses 120,000 square feet of living space spread across eight structures, including a main house, clubhouse, spa, pool cabana, two guest houses, and two car barns. After sitting on the market for months, the price was reduced to $14.9 million.
A Florida-based developer, Josh Wallack, had previously acquired the property with plans to transform it into a luxurious senior living community. However, these plans did not come to fruition.
The property was ultimately purchased by PGA professional David Reasoner and his wife, Kerry Reasoner, who intend to repurpose it into an event space and luxury destination.