According to a source familiar with the matter, Lasata, the Hamptons estate where Jacqueline Kennedy Onassis spent her childhood summers, has been sold for $52 million. The property was listed for $55 million in May, as reported by The Wall Street Journal. The selling price represents more than double the amount paid by the seller, Los Angeles-based commercial and film producer David Zander, in 2018. Records indicate that Zander acquired the property from fashion designer Reed Krakoff for just $24 million that year.
The property also includes a pool.
Zander has not yet responded to a request for comment. The approximately 7-acre East Hampton property was listed by Eileen O’Neill of Corcoran Group and Ed Petrie of Compass. The identity of the buyer, represented by Frank E. Newbold of Sotheby’s International Realty, remains unclear. The property features an eight-bedroom, approximately 8,500-square-foot main house constructed around 1917, along with a two-bedroom guesthouse, a caretaker’s cottage, a pool house, and a three-car garage with a workshop, according to the listing agents. The main house, originally built for Manhattan lawyer George Wellington Schurman, boasts tall casement windows and beamed ceilings.
During her childhood, Onassis spent summers at the property, which was owned by her grandfather, John Vernou Bouvier Jr., as documented in the book “Jacqueline Bouvier Kennedy Onassis: A Life.” Throughout her life, Onassis resided in a series of remarkable properties, ranging from apartments in New York City to residences in Georgetown and estates in Newport, Virginia, and Martha’s Vineyard.
It dates to around 1917.
The house underwent a recent redesign for Zander by Paris-based interior designer Pierre Yovanovitch. Zander emphasized to The Wall Street Journal that no expense was spared during the renovation process. Notably, a team of painters from Paris was enlisted to apply his preferred cottony strokes to the walls of select rooms.
The sale of Lasata represents a rare positive note for the Hamptons real estate market, which is currently experiencing a slowdown. According to a recent market report by Corcoran, sales on the South Fork of Long Island dropped by 46% year-over-year, resulting in the slowest second quarter since 2012 and marking the seventh consecutive quarter of annual decline. Furthermore, there were no sales exceeding $30 million in the second quarter, in contrast to three such sales during the same period in 2022.
The property is known as Lasata.
The main home has casement windows.
Jacqueline Kennedy Onassis with her mother in East Hampton in 1933.