Jackie O’s East Hampton home sold again

Jackie Kennedy Onassis’ childhood summer home is once again under new ownership.

Lasata, the name for the East Hampton estate at 121 Further Lane, traded hands for $52 million, the Wall Street Journal reported. The property came on the market three months ago for $55 million.

The seller was movie and film producer David Zander, who purchased the property from fashion designer Reed Krakoff for $24 million in 2018. It’s unclear who bought the estate.

The seven-acre compound includes an eight-bedroom, 8,500-square-foot main house dating back to 1917, which brings the sale breakdown to $6,117 per square foot when only considering the house. There’s also a two-bedroom guest house, a caretaker’s cottage, a pool house and a three-car garage.

When Onassis was a child, the home belonged to her grandfather, according to a biography. She likely wouldn’t recognize much if she were alive to walk the halls today, however, as Zander brought in interior designer Pierre Yovanovitch to renovate.

The Corcoran Group’s Eileen O’Neill and Compass’ Ed Petrie shared the listing. Sotheby’s International Realty’s Frank Newbold represented the buyer.

Kennedy lived in many places during her life, which has led to a steady stream of former homes going on and off the market. In March, a property in Washington, D.C.’s Georgetown neighborhood — partially including a home where Kennedy lived after John F. Kennedy’s assassination — hit the market for $26.5 million.

The Hamptons housing market came to life in July, when activity nearly caught up to levels from the previous year. New listings remained stagnant, however, as inventory remains a challenge.

In the second quarter, the Hamptons’ luxury market — the top 10 percent of sales — was hit hard by historically low inventory and a record share of bidding wars, according to Miller Samuel’s quarterly report for Douglas Elliman.

— Holden Walter-Warner

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