Once again Diane Sawyer is associated with breaking news—but this time, the latest juicy tidbit is centered around her own New England home. Barely two months after the TV broadcast journalist’s longtime residence known as “Chip Chop” first hit the market, the sprawling seaside compound has already traded hands for a smidge under the $24 million asking price, as first reported by The Wall Street Journal.
Records show the speedy buyer is David Malm, managing partner of Webster Equity Partners, who paid $23.9 million for the 20-acre estate resting in the coastal enclave of Martha’s Vineyard. Per WSJ, the investor now lays claim to $100 million worth of luxury homes on the Massachusetts island and neighboring Nantucket, including a historic house on Edgartown’s inner harbor he paid $15 million for earlier this year.
Designed in the late 1930s by Neoclassical architect Eric Gugler and ultimately completed in the mid-1940s, the property was purchased by the news anchor and her late film director husband Mike Nichols in the mid-1990s for $5.3 million. The couple subsequently undertook an extensive restoration in conjunction with Tate Builders, which included adding dormers, and replicating antique windows and doors.
Nestled on two separate parcels of land tucked between Vineyard Sound and Lake Tashmoo, and boasting a combined mile of private shoreline, the seaside spread features a wood-shingled, New England-style main house boasting three bedrooms in nearly 5,000 square feet of living space.
Numerous additional structures include a two-bedroom caretaker’s cottage and a pair of modern beach cottages affectionately referred to as “The Shacks” because of the fishing shacks they replaced, plus two more detached guest bedroom suites known as the Pond and Ocean pavilions. There’s also a swimming pool and Har-Tru tennis court on the premises.
The 77-year-old anchor known for programs such as ABC World News Tonight, Good Morning America and 20/20, previously told WSJ she is selling this “magic place” because “the rhythms of summer have changed” as her family has grown, and “there is less free time for long visits to the island.”
Click here for more photos of Diane Sawyer’s New England compound.