Calvin Klein Sells Southampton Estate For $84 Million - 27 East

Real Estate News

Real Estate News / 1704255

Calvin Klein Sells Southampton Estate For $84 Million

icon 3 Photos
Calvin Klein sold his Southampton Village oceanfront estate in March for $84 million.

Calvin Klein sold his Southampton Village oceanfront estate in March for $84 million.

Calvin Klein sold his Southampton Village oceanfront estate in March for $84 million.

Calvin Klein sold his Southampton Village oceanfront estate in March for $84 million.

Calvin Klein sold his Southampton Village oceanfront estate in March for $84 million.

Calvin Klein sold his Southampton Village oceanfront estate in March for $84 million.

Brendan J. OReilly on Jun 5, 2020

Calvin Klein quietly sold his Southampton Village oceanfront estate back in March for $84 million.

According to The Real Estate Report Inc., 650 Meadow Lane changed hands on March 2. However, the property was not publicly listed for sale, and no one has come forward to take credit for an off-market listing. The Wall Street Journal reported in February, when the deal was still in contract, that billionaire hedge fund manager Ken Griffin was the buyer.

The property has a controversial history in the village, but Mr. Klein made many people happy when he razed the previous residence that stood there, the castle-like mansion once known as “Dragon’s Head,” and built the current modern estate.

The original house was built for horticulturist Henry Francis du Pont in the 1920s and known then as Chestertown. It was built using imported pieces of 18th century American homes from the colonial town of that name in Maryland.

Later owners included “Baby” Jane Holzer, a Warhol Superstar, and coal industrialist John Samuels III.

The controversy came later. The house was modified and expanded in the style of a Norman chateau during the 1980s by then-owner Barry Trupin in a way that flew in the face of zoning codes. He added 20,000 square feet to the mansion before the village stopped him in 1984. The fight cost $1 million in legal costs for the village. Newsday, at the time, called the renamed Dragon’s Head “the height of hideosity” and critics often referred to it as “Disneyland on LSD.”

Mr. Trupin sold Dragon’s Head in 1992 to WorldCom director Francesco Galesi, who scaled back some of the mansion’s most extreme features, removed many turrets and renamed it “Elysium.”

Mr. Klein purchased 650 Meadow Lane in 2003 for $28.9 million and had Elysium demolished in 2009 after receiving approval to build the home that stands there now. The sleek, white, modern structure with 13,000 square feet of floor area above ground consists of three buildings attached underground: a main building, a studio wing and a guest wing.

The exact final sales price was $84,445,726.

You May Also Like:

JS Squared Breaks Ground On Watermill Crossing

JS Squared broke ground recently on Watermill Crossing, a 38-unit luxury townhouse community in the ... 23 May 2022 by Staff Writer

North Haven Point Contemporary Sells For $6.5 Million

An 8,000-square-foot contemporary home in the private, waterfront North Haven Point community recently sold for ... by Staff Writer

Napeague Modern Bayfront Home Sells For $8.87 Million

A classic modern bayfront home designed by architect Thierry Pfister in Napeague has sold for ... 20 May 2022 by Staff Writer

Community Preservation Fund Has Second Consecutive Record-Breaking First Quarter

Peconic Bay Region Community Preservation Fund revenue was just about flat across the East End ... 19 May 2022 by Staff Writer

Sag Harbor Modern Sells For $5.5 Million

A five-bedroom Sag Harbor Village modern with a pool and a pool house recently sold ... 18 May 2022 by Staff Writer

New Signed Contracts For Hamptons Homes Cut In Half In April Compared To Year Earlier

Hamptons single-family home inventory grew slightly in April as new listings outpaced the number of ... 12 May 2022 by Staff Writer

Lipsky Construction Company Honored For Nathaniel Rogers House Work

For the firm’s work on the restoration of the Nathaniel Rogers House in Bridgehampton, Lipsky ... 11 May 2022 by Staff Writer

Habitat For Humanity Of Long Island Formed Out Of Merger

Habitat for Humanity of Suffolk and Habitat for Humanity of Nassau County NY, two affiliates ... 5 May 2022 by Staff Writer

Inventory Of Hamptons Homes Falls To Record Low As Sales Move At Breakneck Speed

The inventory of homes for sale on the South Fork has “collapsed” — it’s down ... 4 May 2022 by Brendan J. O’Reilly

Water Mill Transitional Sells For $7.9M, A $500,000 Increase In One Year

A shingle-style transitional home with views of a 7-acre agricultural reserve and the ocean beyond ... 3 May 2022 by Staff Writer