Calvin Klein Sells Hamptons Home for $85 Million

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By Benyamin Davidsons

Calvin Klein sold a Hamptons estate for $85 million, as reported last week by MSN’s House beautiful.  For anyone who has somewhat followed the fashion designer’s real estate dealings, the obvious question was: another one?  Last summer, Klein had sold a Hamptons house for roughly $85 million to billionaire Ken Griffin.  So, yes this is another Hamptons mansion.

This historic estate was built in 1891, boasting 8.4 acres with a five bedroom, eight bathroom home spanning 10,176 square feet.  Klein had purchased the estate in 1987 for $3.6 million, later installing a pool and a boathouse.  The historic shingle-style mansion in the East Hampton was thought to have belonged to Klein’s ex-wife, Kelly, a society photographer. As reported by Curbed NY, Kelly had lived there for about 15 years following the couple’s divorce, and the front gate bears her initials “K.K.” .   Still, the deed was in Calvin’s name.  He also owned the parcel next door with his daughter from an earlier marriage, which bundled with the main estate sold for $85 million in an off-market deal.  The home had been designed by renowned architect Joseph Greenleaf Thorp, who also designed Grey Gardens, another gem of an estate in the East Hamptons.

For many, two homes in the Hamptons for $85 million would be preposterous, but Klein has always reportedly been a real estate enthusiast.  The home which the designer had sold last year was in the Southampton.  That oceanfront mansion, which sold in another off-market deal to hedge funder Ken Griffin, had been a ten-acre property.  Klein had purchased it in 2003 for a little under $30 million.  He had done a complete gut renovation of the existing house.  Then, displeased with the overhauls he tore it down and started all over again. “He talks about the house nonstop,” the New York Times had reported in 2013, when Klein was finishing the place up. “He has personally vetted and approved every floorboard and object inside, even designed much of the furniture himself when he thought there was nothing out there that quite met his exacting design standards.”

Other past real estate purchases by Klein have included a triplex penthouse on Perry Street in the West Village, as well as a penthouse at 55 Central Park West which he purchased twice–once in the 80’s and then again in the 1990s.