The home was built on an estate, then called "Elm Park," for LeGrand Lockwood, who made his fortune in banking and the railroad industry. Construction began in 1864 just west of the Norwalk River in Norwalk and was completed four years later. Designed by European-trained, New York-based architect Detlef Lienau, the mansion features of living space and "is considered his most significant surviving work," according to the association. Both American and immigrant artisans worked to construct and decorate the house. Prominent New York decorating firms, including Herter Brothers and Leon Marcotte were contracted to furnish the mansion's interiors. Financial reversals in 1869 and Lockwood's death in 1872 resulted in loss of the estate through foreclosure in 1874 by Lockwood's heirs. Charles D. Mathews, described in his New York Times obituary as "a very wealthy retired New-York provision dealer", and his wife, Rebecca Thompson Mathews, bought the property in 1876. The mansion was a residence and suburban retreat for the Mathews family, with their Thompson and Martin relatives, until the death of Charles's daughter Florence in 1938.
As museum
Built in 1864-68, the home is an early example of the style used by wealthy New York City elites such as the Vanderbilts in building their Gilded Age mansions later in the 19th century, and set a new standard for opulence. In 1941 the estate was sold to the City of Norwalk, which designated it a public park. The city had planned in 1959 "to build a city hall in the park and tear down the mansion to make way for it." Considerable controversy and claims of bad faith ensued, leaving the building threatened with demolition. Local preservationists formed Lockwood–Mathews Mansion Museum, Inc. to run the site. The Junior League of Stamford-Norwalk eventually led a late 1960s restoration, supported by the National Trust for Historic Preservation, the American Institute of Architects, the National Park Service, and the Connecticut Historical Commission. The home was designated a National Historic Landmark in 1971. According to the museum organization's Web site, the museum's mission "is to conserve the building while creating educational programs on the material, artistic and social culture of the Victorian era,". A master plan for a more comprehensive restoration of the mansion was expected to be completed in 2007. Plans for renovation work at the museum include adding an elevator, and systems for heating, air conditioning, and sprinklers. Renovation costs are likely to total about $6 million, museum officials said in May 2007, before the master plan was complete. In a decades-long Christmastime tradition, interior decorators deck out about a dozen rooms in the mansion with holiday decorations. An annual "community celebration" is held in December with Christmas music, refreshments and a Santa Claus. In 2007, 10 interior decorators volunteered their services and materials for the event. The museum has hosted an annual antique show since 1978. In 2006 the show was held the last weekend in October and attracted dealers from Ohio and Pennsylvania as well as Connecticut. In the 2000s, statues and furniture that had originally been in the mansion were bought and placed back in it. Two marble statues, sculpted in 1859 by Joseph Mozier, an American artist, and bought by Lockwood, were purchased for $185,000. A $165,000 sofa original to the home was also acquired and brought back to it. The home was used as a filming location for the 2004 remake of The Stepford Wives. Paramount Pictures paid the museum $400,000 to paint its central rotunda. The studio also left behind some large paintings, which serve to emphasize the dramatic size of the rotunda. As a result, the walls look fresh and decorated, and will remain protected until further funds become available for proper, curatorial restoration of the original damaged surfaces. The mansion was also featured in the movie House of Dark Shadows.