Billionaire Harry Macklowe Buys East Hampton Home For $10 Million - 27 East

Real Estate News

Real Estate News / 1399456

Billionaire Harry Macklowe Buys East Hampton Home For $10 Million

icon 4 Photos

author on Sep 25, 2017

During the ongoing and contentious divorce trial involving Linda and Harry Macklowe, the billionaire real estate developer’s attorney proclaimed, “He has nowhere to live!” Well, that pesky problem has been resolved, thanks to Mr. Macklowe’s purchase of 64 West End Road in the Village of East Hampton for $10,350,000. Better than a Motel 6!

The property, listed for $10.6 million as recently as June—after first going on the market for $19.5 million in 2014—sits on 2.7 acres on Georgica Pond. It contains 4 bedrooms and 4.5 baths in its 5,500 square feet with docking rights, in-ground pool and other awesome amenities that one would expect after laying out more than $10 million. We won’t even speculate as to why Mr. Macklowe’s new house is within viewing distance of his old house, where his soon-to-be-ex still lives.

Some readers might wonder why Mr. Macklowe, a longtime Hamptons resident, needed another place to live. Well, as the New York Post put it rather indelicately, “Harry Macklowe and French Fling Nab Hamptons Getaway,” referring to his mistress, Patricia Landeau, who is president of the French Friends of the Israel Museum, and who, at 62, is 18 years younger than her rich suitor.

Linda and Harry Macklowe have been married for 57 years, so there is a lot to untangle during the divorce proceedings. One of the more divisive issues is money—there is plenty of it, but it sure gets spent fast. According to one published account, Linda Macklowe took $10 million out of an account set up by her estranged husband from June 2016 to July 2017. One expense was $700,000 to charter yachts because she has been denied use of a boat she shared with her husband. There was $2.7 million for a painting, and, no surprise, more than $7 million for attorneys and their trial-related expenses. Apparently, settlement talks have not proved fruitful.

Mr. Macklowe is no stranger to conflict in East Hampton. In the 1990s, he battled with next-door neighbor Martha Stewart over trees and shrubs he had planted on Ms. Stewart’s property. The legal niceties were still being debated when Ms. Stewart simply removed the greenery.

You May Also Like:

Ground Broken On Five Affordable Houses In Riverside

The Southampton Housing Authority and Habitat for Humanity of Suffolk broke ground on November 22 ... 30 Nov 2021 by Brendan J. O’Reilly

Jennifer Ponzini Joins Saunders & Associates

Associate broker Jennifer Ponzini, who is licensed in both New York and Florida, has joined ... 19 Nov 2021 by Staff Writer

Parrish Pond Estate Sells For $6.2 Million

A Southampton estate in the Parrish Pond neighborhood with water views recently sold for $6.2 ... by Staff Writer

Sagaponack Traditional Sells Above Asking Price For $10.3 Million

A Sagaponack traditional just a few doors down from Sagg Main Beach recently sold for ... by Staff Writer

Shinnecock Hills Bayfront Home Sells For $7.3 Million

A modern bayfront home in Shinnecock Hills recently sold for $7.32 million after seeking $8 ... by Staff Writer

Leos Lane Home Trades For $6.3 Million

A Southampton Village residence built in 2014 recently sold for $6.3 million, which is $1.5 ... by Staff Writer

Thiele: Concerns About Eligibility To Collect Advances For Seasonal Rentals Are Easily Remedied

The New York State Association of Realtors has raised concerns that some homeowners will not benefit from a new law that allows landlords to collect rent for the entire season upfront, but the legislation’s author explained Friday how landlords and municipalities can easily meet the law’s eligibility requirements. In September, Governor Kathy Hochul signed into law Assemblyman Fred W. Thiele Jr.’s legislation that clarifies that seasonal rentals are not subject to caps on collecting deposits and advance payments. A few requirements must be met in order for landlords to take advantage of that exemption. Tenants must occupy the rental unit ... 16 Nov 2021 by Brendan J. O’Reilly

Sagaponack’s ZIP Code Is Third Most Expensive In U.S.

Sagaponack’s 11962 is the third most expensive ZIP code in the United States, dropping one ... by Staff Writer

West End Road Residence By Roger Bullard Listed For $60M

An oceanfront residence in the Georgica section of East Hampton that was designed by the ... 15 Nov 2021 by Staff Writer

East Hampton Village Traditional Sells For $13 Million

An East Hampton Village residence just two blocks from Two Mile Hollow Beach recently sold ... by Staff Writer

Welcome to our new website!

To see what‚Äôs new, click ‚ÄúStart the Tour‚ÄĚ to take a tour.

We welcome your feedback. Please click the
‚Äúcontact/advertise‚ÄĚ link in the menu bar to email us.

Start the Tour
Landscape view not supported
Send this to a friend