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:

June Saw Increase In Hamptons Homes Entering Contract

The Hamptons saw an extraordinary uptick in signed contracts for single-family homes in June as ... 7 Jul 2020 by Brendan J. OReilly

CPF Revenue For First Five Months Of 2020 Is Record Breaking

The Peconic Bay Region Community Preservation Fund raked in $45.43 million in 2020 through the ... 6 Jul 2020 by Staff Writer

Planning Board Wants To Put Other Considerations Ahead Of Parking

Sag Harbor Village planning officials are exploring better ways to make decisions when considering redevelopment proposals, rather than looking at the number of parking spaces a project might have. Planning Board Chair Kay Preston Lawson, Village Attorney Denise Schoen and Village Planner Kathryn Eiseman have been discussing better metrics to use in place of weighing the proposed gross floor area of a project versus the availability of parking. “When people are redeveloping properties in the village and wanting to maximize the square footage, we’re running into a couple of issues, the biggest one being the granting of parking variances,” Ms. ... 30 Jun 2020 by Brendan J. OReilly

Sag Harbor Planning Board Wants Ban On Apartment-To-Office Conversions

To preserve an active Main Street and downtown in the village, the Sag Harbor Village Planning Board is pitching a ban on converting apartments to offices. The board is penning a memo to the Sag Harbor Village Board to urge legislation implementing a ban, and members want the Zoning Board of Appeals to also sign on to the idea. “To be blunt, it’s a travesty. It needs to be stopped,” Planning Board member Larry Perrine said during the board’s June 23 virtual meeting. He said turning residences into offices goes against the conceptual ideology of the village’s planning. “It’s against ... by Brendan J. OReilly

Westhampton Beach Officials Identify Potential Impacts Of Rogers Avenue Development

The impact on traffic and how the project will compare to as-of-right development were the biggest concerns raised during a “scoping session” about a proposed condominium project in Westhampton Beach. The Westhampton Beach Village Board and Planning Board held a joint work session on Thursday, June 25, to identify what should be included in a environmental impact statement regarding Rogers Associates LLC’s application for a 52-unit multifamily residential development on 9.4 acres on the north side of Rogers Avenue. Carriage Hill Developers, a housing management firm based in Wantagh, submitted the site plan to the Planning Board in August, but ... 29 Jun 2020 by Brendan J. OReilly

Landlords Powerless To Remove Westhampton Beach Holdover Tenant During Moratorium

A Florida couple wished to live in their Westhampton Beach home this summer, but are ... 26 Jun 2020 by Brendan J. OReilly

Builder’s Modern Home In East Hampton Fetches $7.35 Million

A builder’s modern residence in the Northwest Harbor section of East Hampton by Blaze Makoid ... 23 Jun 2020 by Staff Writer

‘Zoom Effect’ Bolsters Hamptons Home Contract Signings In May

As residential real estate contract signings plummeted year-over-year in May in New York City and on the North Fork and the rest of Long Island, the number of home sales that entered into contract in the Hamptons held steady. Contract signings remaining flat, year to year, wouldn’t normally be cause for celebration for the South Fork real estate market, especially after a weak 2019. However, under the current conditions, the May 2020 results were phenomenal news for the industry locally. Industry professionals identified a couple of reasons why the Hamptons bucked the trend: There was a scarcity of rentals following ... by Brendan J. OReilly

In-Person Hamptons Real Estate Showings Return With A New Look In Phase Two

New York State lifted a number of restrictions on the Long Island real estate industry ... 16 Jun 2020 by Brendan J. OReilly

First Frederick G. Potter House Sells For $18.5 Million

The First Frederick G. Potter House, a circa 1899 East Hampton Village home by legendary ... by Staff Writer
logo

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported