Jennie and Jacob had six children: Bryant, Newton, Truman, Jacob Sloat Jr. (Jay), Jennie (Jane), and Margaret (Gretchen). Jacob Sloat Fassett died in 1924. After Jennie Crocker Fassett’s death in November, 1939, the estate was put on the market for $35,000. There were no offers to buy Greycourt, so the big house was razed and the entire 45 acres were divided up among Truman, Jay, Jane and Gretchen. Jay gave his portion to his son, Stephen, and Jane sold her portion to Truman, leaving the entirety of Greycourt in the hands of Truman, Stephen, and Gretchen. Over the years, the property has been subdivided several times. Currently, there are fifteen residences, plus Little Island.
Several of the original structures are still standing. In 1948, a ranch-style house was built on the site of the big house, but the original steps and the old foundation are still visible. The Gate Cottage and the Studio remain very much as they were back in 1918. And a section of the original eight-car garage is still standing. The Chauffeur’s Cottage, originally the shutter storage shack, has undergone a major renovation, as has the Boat House, which was moved up and away from the edge of harbor after several large hurricanes.