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Hamptons Life

Apr 9, 2018 11:39 AMPublication: The East Hampton Press & The Southampton Press

Final Sale Price For Bouvier Estate Lasata Revealed

121 Further Lane in East Hampton, the estate known as Lasata. COURTESY DOUGLAS ELLIMAN
Apr 9, 2018 11:46 AM

The deed is done—literally, with the sale of the Lasata estate in East Hampton just having been recorded, with the purchase price being $24 million. According to Suffolk Country records, the new owner of the former Bouvier estate, where Jackie Kennedy Onassis spend much of her childhood, is the rather unimaginative 121 Further Lane LLC.

It was while her family lived at the estate that Jacqueline Bouvier was born in July 1929. The name of the original 7-acre estate was derived from the American Indian word for “Place of Peace.” The residence, designed by Arthur Jackson, underwent a full renovation in recent years. It was in early in 2016 that the then-owner of Lasata, Reed Krakoff, put it on the market. A portion of the estate, at 40 Middle Lane, was sold separately earlier this year for $11,250,000.

Until her adult years, Jackie Bouvier and her sister, Lee Radziwill, spent summers at the family’s East Hampton estate. Their father was John Vernou Bouvier III, known to most as “Black Jack,” a dashing figure with a fondness for gambling and alcohol as well as his two daughters. The house is a 9-iron from the Maidstone Golf Club and Atlantic Ocean. It was built in 1917 and purchased eight years later by Jackie’s grandfather, “Major” Bouvier. After Jackie’s parents married in East Hampton in 1928 they stayed at the Lasata family compound, and even after they divorced in 1940, Jackie and her sister continued to visit their grandparents there. The property just sold includes the original eight-bedroom house plus a two-bedroom guest house, tennis court, and swimming pool with a pool house.

Through the decades, Lasata remained in private ownership and was bought by Mr. Krakoff, former creative director of Coach, and his wife, Delphine, for $25 million in 2007. The couple got going on extensive renovations and then spent summers and weekends there. It became an annual event to throw a Bastille Day party at Lasata in honor of Ms. Krakoff, who was born in France. Lasata became expendable in 2015 when the couple purchased a 50-acre estate in Connecticut and began spending more time there than in East Hampton.

Another big-ticket sale in the Village of East Hampton that just closed was 10 Cove Hollow Road, also purchased by an LLC. The price for the 2-acre property in the Cove Hollow Farm enclave was $7 million. It can be found between two reserves with Georgica Pond across the street. The site includes plans and permits for a 9,900-square-foot modern estate designed by Thaddeus Briner of Architecture Outfit, plus a heated Gunite pool, Har-Tru tennis court, 3-car garage, and a separate antique farmhouse, circa 1840, that once belonged to the Chauncey Dairy Farm. The plans feature a total of nine bedrooms and 10.5 baths, with amenities including a living room with lounge, a bar, fire pit, gym, theater, spa, wine cellar, and multiple patios.

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