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American fashion designer Calvin Klein has sold his historic 8.4-acre East Hampton estate for $85 million to undisclosed buyers.
Klein bought the property from the son of Juan Trippe, the founder of Pan American World Airways, in 1987 with his second wife Kelly.
The couple had bought the property for $3.6 million.
The house was built by Grey Gardens architect Joseph Greenleaf Throp in 1891 for Laura Brevoort Sedgwick
The Kleins became the third owners of the property after purchasing it from Pan Am founder Juan Trippe’s son in 1987 for $3.6 million
The couple renovated the house and had it featured in a 1992 edition of Vogue Decorations
Kelly Klein continued to live in the property even after the couple had split and officially divorced in 2006.
She bought another Hamptons property this year, a cottage in Sag Harbor that she purchased for $15.9 million.
The estate was sold by the Bronx-born fashion mogul in two off-market transactions which included the main property being sold for $75 million and an undeveloped piece of land next to the property for $10 million, according to Suffolk deed transfers.
Calvin Klein sold the historic 8.4-acre East Hampton property for $85 million
Klein’s wife Kelly continued to live on the property after the split and official divorce in 2006
Kelly recently purchased another property in the Hamptons, a cottage in Sag Harbor that she bought for $15.9 million
The identity of the buyer is hidden behind an LLC.
The property was built in 1891 by famous Grey Gardens architect Joseph Greenleaf Thorp for Laura Brevoort Sedgwick.
A windmill tower was also added to the estate after Sedgwick married Henry James in 1899.
Pan Am founder Juan Thrippe was the second owner of the property after he purchased and renovated it in 1935
Trippe’s father became the second owner of the property after he purchased and renovated it in 1935.
The Kleins added a pool and a boathouse added and had the renovations featured in a 1992 issue of Vogue Decorations.
The 10,176-square-foot home features five bedrooms and eight bathrooms.
Klein sold another one of his Hamptons properties last year to hedge funder Ken Griffin.
In 2003 he purchased that property on Southampton’s Meadow Lane for $30 million. He did a complete renovation but was so unhappy with it that he had the home demolished and replaced with a glass building.
Klein bought a Southampton property in 2003 for $30 million and demolished it after he was dissatisfied with the renovations which he replaced with a glass building
Hedge funder Ken Griffin purchased Klein’s former Southampton property last year
Source: Daily Mail
