The grand East Hampton estate, once owned by the late Thomas Haskell Lee, a pioneer in the world of private equity and leveraged buyouts, has been listed for an impressive $95 million. Known as “Dune Cottage,” this historic property sits in one of the most prestigious areas of the Hamptons. The expansive estate covers 3.6 acres, boasting 225 feet of private oceanfront with breathtaking, uninterrupted views of the Atlantic Ocean. Lee’s legacy, along with the property’s rich history, makes this estate one of the most remarkable listings on the market today.
The property, originally designed in 1910 as part of the famed Wiborg Estate, was completely reimagined in 2016, blending historic charm with modern luxury. Dune Cottage’s long and storied history adds significant allure to the property. It was once the home of Jazz Age socialites Gerald and Sara Murphy and was later owned by Jackie Kennedy’s sister, Lee Radziwill, whose glamorous life contributed to the estate’s aura.
Estate Features
Spanning over 13,000 square feet, Dune Cottage boasts 10 bedrooms and 14 bathrooms. The home has been meticulously crafted by master builder Ben Krupinski, with modern upgrades and thoughtful additions throughout. The estate is fitted with state-of-the-art systems, including a wellness center, screening room, gym, and a private grotto leading to a heated oceanside pool. The residence is designed to showcase breathtaking views from nearly every room, with an expansive 15-foot high living room opening to an oceanside terrace that extends the indoor-outdoor living experience.
The estate’s architectural beauty is complemented by its luxurious outdoor amenities. These include manicured gardens, a tennis court, and a detached 1,500 square-foot guest house, making the property perfect for hosting large gatherings or offering ultimate privacy for guests.
Historical Significance
What sets Dune Cottage apart is its rich history. This property has been a staple of East Hampton society for over a century, hosting some of the most prominent names in American history. Its previous owners include the famed Murphys, whose social circles included F. Scott Fitzgerald and Pablo Picasso, as well as Lee Radziwill, who added her touch of elegance and sophistication to the estate. These connections to influential figures of the past add a layer of prestige to the estate that few properties can rival.
Price History
The prestigious East Hampton estate, known as Dune Cottage, has a rich financial history that mirrors its grand legacy. In May 2001, the property was purchased for $16.2 million, a significant investment at the time. Fast forward over two decades, and the estate has undergone substantial transformation and appreciation. In July 2024, it was listed for an eye-watering $95 million, reflecting a remarkable 486.4% increase in value. After a brief removal from the market, it was relisted in October 2024 at the same asking price, making it one of the most expensive real estate listings in East Hampton.
Thomas Haskell Lee
Thomas H. Lee, who passed away in early 2023, was one of the most influential figures in finance. He is credited with pioneering leveraged buyouts, a practice that redefined corporate acquisitions in the late 20th century. His company, Thomas H. Lee Partners, became a powerhouse in private equity, and his legacy continues to impact financial markets today. His decision to list this home marks one of the most significant real estate offerings in the Hamptons, with the estate symbolizing the opulence and grandeur that Lee himself was known for.