Page 66 July 30, 2021 DAN’S PAPERS danspapers.com
Calvin Klein Sells His East Hampton
Beachfront Estate for $85 Million
CALVIN KLEIN BOUGHT THE NEARLY 7-ACRE WEST END PROPERTY IN 1987.
BY TAYLOR K. VECSEY
Calvin Klein has quietly sold an
East Hampton Village oceanfront
estate he has long owned for a combined
$85 million.
Two separate parcels near Georgica
Pond traded—the 6.8-acre parcel
with the residence sold for $75 million
while the vacant adjacent 1.63-
acre property went for $10 million,
according to Suffolk County deed
transfers.
The $75 million sale is, so far, the
most expensive in 2021. Though a 42-
acre Southampton estate known as
Jule Pond, which features waterfront
on three sides and unobstructed views
of the Atlantic Ocean and Mecox Bay,
was last asking $145 million before it
went into contract in April, the final
price has not yet been revealed.
BEHIND THE HEDGES REAL ESTATE
Klein’s ex-wife, Kelly Klein, called
75 West End Road her home even after
their divorce in 2006, but records
show that the fashion designer was
the seller. Meanwhile, he and his
daughter, Marci Klein, a television
producer best known for her work
on Saturday Night Live, were on the
deed for a neighboring vacant parcel
at 69 West End Road.
The same buyer appears to have
snatched up the side-by-side property.
The buyers are listed as two
separate but related limited liability
corporations, Traumhaus 1 and
Traumhuas 2.
The properties were not publicly
listed for sale.
While the deal closed on May 17,
Kelly Klein’s initials, “K.K.,” were
still on a sign at the property’s gate
as of two weeks ago when Behind The
Hedges paid a visit after first hearing
she was not living on West End Road
anymore. She bought a waterfront
property on North Haven, which currently
houses a small fishing cottage,
for $15.9 million.
Her new 1.69-acre property, once
owned by former Vermont Governor
Howard Dean’s in-laws, Dr. Herman
Steinberg and Dr. Ethel Bookhalter
Steinberg, offers 250 feet of frontage
on the Sag Harbor Bay with a
deep water dock. The last ask was
$16.5 million. She is leaving behind
a home steeped in history. The
home was originally built by Laura
Brevoort Sedgwick James, before
she was married, according to an article
in The East Hampton Star. She
commissioned the architect Joseph
Greenleaf Thorp to design the house
and hired George Eldredge, a builder.
An addition was put on in 1894, and
later a windmill tower was added
in the middle of the house in 1899,
which remains today.
Juan Trippe, president of Pan Am
Airlines, bought the home in 1935
and substantial renovations ensued.
The Trippe family sold the house in
1987 to Calvin Klein.
This is not Calvin Klein’s only
real estate sale somewhat recently.
In March of 2020, he also sold his
Southampton Village oceanfront
estate for $84.4 million. The Wall
Street Journal reported a month earlier
that the billionaire hedge fund
manager Ken Griffin was the buyer.
That property had been particularly
controversial because he razed
a castle-like mansion that had been
known as “Dragon’s Head” to built a
modern estate.
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