The four acre empty parcel that was offered either separately or together with the main house of Lasata is in contract. Last asking price was $12 million. The property that is seven acres plus the house has just had its price dropped yet again, to $30 million.
You can’t say the sellers aren’t serious.
Lasata was the childhood summer home of Jackie Kennedy Onassis. The former Bouvier estate on Further Lane in East Hampton debuted on the market in May for $52 million. That was the price for the house and all 11 acres of land. The price was cut in June by $5 million, then in September, another $5 million, down to $35 million just for the house and seven acres. And the price for the main parcel has been cut again another $5 million. How low can it go?
Lasata (which allegedly means “Place of Peace”) was built around 1915 in the Arts and Crafts style. The patriarch of the family that produced such disparate characters as Jackie Kennedy Onassis, Little Edie Beale, and Lee Radziwill, was John Vernou Bouvier Jr. (aka “The Major”), a successful lawyer who married an heiress. He purchased Lasata in 1925. Young Jackie spent summers at the house, showing her dogs in East Hampton and jumping ponies, and she loved the place even after it was sold after The Major’s death.
The house, repped by Susan Breitenbach at Corcoran, Carol Nobbs and Eileen Oneill at Elliman, and Peter Turino at Brown Harris Stevens, was restored by its current owners when they purchased it 10 years ago, along with its guest house, pool house and garage. They have respected the house’s original Arts and Crafts style using vintage Tiffany lighting and Stickley furniture in the kitchen. The fine old grounds, with rolling green lawns and mature trees including linden, London planes, cork and American elm trees, are a fitting setting for the house.
The house boasts ten bedrooms, ten baths, and two half baths in 8500 square feet. Not enough space? There’s a one-bedroom guest house, two-bedroom poolhouse, and a three car detached garage. The estate is still spectacular, but is not waterfront.
For more, click here. 121 Further Lane, East Hampton