Elie Tahari Asks $45 Million for Sagaponack Oceanfront Property


This is one of the nicest oceanfront houses we know. It was designed in 1998 by HS2 Architecture for legendary ad man Jay Chiat, utilizing an antique barn, with gardens designed by Edwina von Gal. After Chiat’s death, fashion tycoon Elie Tahari bought the place for $12.1 million in 2004. Now it’s back on the market, repped by Ann Ciardullo and Keith Green at Sotheby’s, and the asking price is $45 million.

All photos via Sotheby’s

The property features 2.5 acres, including 250 feet of beachfront. There’s a 60 foot lap pool surrounded by olive trees, a lovely dining pergola, and even a basketball half-court. Inside, the great room features the old barn beams with an ocean view. There are only three bedrooms and three baths in the 4500 square feet; the master suite is pretty luxurious, though, with ocean views and an enormous tub. Too small? The listing notes that “An addition and expansion approved by the village zoning board and designed by Stelle Lomont Rouhani Architects will yield a +/-10,000sf home with eight bedrooms and expansive entertaining and spa facilities. Plans are available to the buyer.”

That all sounds fabulous. We do think, though, $45 million is rather an ambitious ask, although having the plans approved by the village does add enormous value to the property. What do you think?

For more, click here. 135 Crestview Lane, Sagaponack