(Image credit: Sotheby's International Realty)

Described by Katharine Hepburn as paradise, the actress's former Fenwick, Conn. home situated on Long Island Sound is on the market for $14.8 million. Renovated by the current owner (who also restored the Guggenheim), the property comes with 1.5 acres.

50% markdown for Katharine Hepburn's storied 'paradise' | Yahoo! Homes