Screen icon Katharine Hepburn's waterfront home in Old Saybrook, Connecticut, has been sold to an architect who plans to renovate the property.

The large home sits on 3.3 acres (1.33 hectares) of land and overlooks Long Island Sound.

The asking price had been knocked down from the original tag of $12 million (GBP6.6 million) a few times because the home, built in 1939, needs cosmetic work in the kitchen and bathrooms.

An auction of the actress's estate in June (04) netted $5.9 million (GBP3.2 million).

Hepburn died last year (03) of natural causes aged 96.

05/08/2004 21:22