Tom Ford just paid $52 million for the Hamptons estate where Jacqueline Kennedy Onassis spent her childhood summers.
Less than a year ago, Estée Lauder paid roughly $2.8 billion to Ford for his fashion brand and he has since been on somewhat of a luxury real estate shopping spree with all that cash.
Ford also bought a Palm Beach mansion, for around $51 million in December 2022 and then later swapped for an even bigger manse owned by private equity CEO Brian Kosoy in a behind-the-scenes deal.
$51 million Jungle Road compound bought by Ford
The Hampton’s house was originally built in 1917 in the Arts and Crafts style for Manhattan lawyer George Wellington Schurman before changing hands in 1925 to John Vernou Bouvier Jr., a fellow lawyer who became a grandfather to Jacqueline Kennedy Onassis and sister Lee Radziwill.
It is just a stone’s throw away from Grey Gardens, the infamous formerly falling down estate of Jackie’s eccentric relatives Little Edie and Big Edie Beale.
The property is called Lasata, the “place of peace” in the Algonquin language of the native Montaukett people. Just two blocks from the Atlantic Ocean at 121 Further Lane, it is grade A, prime real estate in the competitive Hamptons market of 2023.
Lasata sits on 7 acres with:
- 10 bedrooms
- lush ground with fruit orchards
- 2-bedroom guesthouse
- caretaker’s cottage
- pool and pool house
According to The Wall Street Journal, the property went on the market for $55 million in May, more than double what the seller, film producer David Zander, paid designer Reed Krakoff for it in 2018.
(Photos, Stephen Kent Johnson, Geir Magnusson; via Elle Decor)