The Hamptons

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    Rick and Kathy Hilton’s Longtime Hamptons Retreat Can Be Yours for $15 Million

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    If you’ve always wanted to live like a hotel heir and his socialite wife, this coastal New York estate could be just the ticket! As first reported by The Wall Street Journal, the picturesque 2.7-acre spread long owned by Rick and Kathy Hilton has just popped up for sale in the affluent Southhampton enclave, asking nearly $15 million.

    Records show the couple—he the grandson of Hilton Hotels founder Conrad Hilton, and also co-founder of the Hilton & Hyland real estate brokerage, and she the mother of Paris Hilton and a former cast member of The Real Housewives of Beverly Hills—paid around $2.4 million back in 1999 for the property, which is showcased by a traditional two-story house boasting six bedrooms and eight baths in roughly 10,500 square feet of recently renovated living space. There’s also a finished basement with guest and staff accommodations resting beneath a porte-cochère and three-car garage.

    Built in the early ’90s, and tucked away in a gated community that once housed car-maker Henry Ford’s Fordune estate, the shingle-clad structure features a trio of wood-burning fireplaces, blonde hardwood floors, high ceilings and a library. Other highlights include a double-height entry foyer displaying a curving staircase, as well as formal living and dining rooms, and a gourmet kitchen outfitted with an eat-in island and high-end stainless appliances.

    Secluded upstairs is a posh master retreat, which has a walk-in closet, plus a luxe bath sporting dual vanities, a soaking tub and glass-encased shower; and outdoors, the landscaped grounds host a lagoon-style pool with a spa and waterfall, an al fresco dining pavilion and several terraces. The premises also come with plenty of room for tennis facilities upon approval, per the listing, as well as deeded access to nearby Fowlers Beach.

    According to WSJ, the Hiltons are selling because they have used the vacation home less and less since they moved to Los Angeles in the 2000s. It’s there that the pair recently sold a Bel Air trophy mansion to a Chinese billionaire for $25 million, but continue to own and reside in a 1920s stone manor house in the same neighborhood.

    The listing is held by The Corcoran Group’s Jared Seligman, who declined to comment on the sale.

    Click here for more photos of Rick and Kathy Hilton’s Hamptons house.

    Geir Magnusson More

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      Tom Ford Pays $52 Million for Jackie Kennedy’s Childhood Home in the Hamptons

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      Barely eight months ago, Tom Ford paid private equity guru Rob Heyvaert an eye-popping $51 million for a sleekly designed contemporary mansion in Palm Beach. But just weeks ago — as part of an off-market deal that’s expected to top $100 million, per The Real Deal — the fashion mogul traded that place to Brian Kosoy, CEO of the real estate private equity firm the Sterling Organization, in exchange for his even larger South Florida spread.

      Now Ford has turned his attention toward New York, having forked over an equally impressive sum of cash for a historic East Hamptons estate that once served as a summer getaway for Jacqueline Kennedy Onassis, as first reported by The Wall Street Journal.

      Records show Ford paid media producer David Zander $52 million for the home, which was originally listed for $55 million. The residence was previously owned by fashion designer and retail executive Reed Krakoff and his wife Delphine, who sold it to Zander for $24 million in 2018. And way before that, the property known as Lasata—a Native American word meaning “Place of Peace”—was owned in the 1920s by the former First Lady’s paternal grandfather John Vernou Bouvier Jr.

      Nestled amid a 7-acre parcel of land, just blocks from the Atlantic Ocean, Ford’s newly acquired compound was designed by architect Arthur C. Jackson and completed in 1917. Recently restored by its current owner, the multi-building property is highlighted by an eight-bedroom main home sporting 8,500 square feet of Pierre Yovanovich-designed living space boasting tall casement windows and beamed ceilings throughout.

      There’s also a two-bedroom guesthouse, caretaker’s cottage, pool house and three-car garage with a workshop, plus Louis Benech-crafted grounds laced with lush lawns, mature specimen trees and a flower meadow.

      Ford, a Texas native who recently sold his eponymous fashion label to Estée Lauder Cos. in a deal valued at around $2.8 billion, also maintains a Holmby Hills estate he paid late socialite Betsy Bloomingdale nearly $40 million for in 2016, as well as homes in New York City, London and Santa Fe.

      The Lasata listing was held by Eileen O’Neill of Corcoran Group and Ed Petrie of Compass; Frank E. Newbold of Sotheby’s International Realty repped Ford. More

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      in Luxury

      Jackie Kennedy’s Former Summer Home in the Hamptons Just Listed for $55 Million

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      If you’re thinking of snagging a summer house in the Hamptons, the estate where Jackie Kennedy Onassis once vacationed could be your next getaway.  

      Aptly named Lasata, the Native American word for “place of peace,” the palatial property has been hoisted onto the market for a cool $55 million, The Wall Street Journal first reported. Originally built in 1917 by architect Arthur C. Jackson, the abode was previously owned by John Vernou Bouvier Jr., who was the grandfather of the former First Lady. The roughly seven-acre spread is said to be where Onassis would often spend her summers as a child.  

      Lasata, the former childhood summer home of Jackie O, just listed for $55 million

      Stephen Kent Johnson/OTTO

      Today, the residence is being offered up by Hollywood producer David Zander, who bought the pad in 2018 from fashion designer and Tiffany’s former chief artistic officer Reed Krakoff. During Zander’s five years of ownership, he has made substantial renovations to the 8,500-square-foot main house, including revamping the interiors and rebuilding parts of the exterior.

      “Every time I think there’s a spot in the house that I love the most, I go and sit somewhere else and I love that the most,” Zander told the WSJ. The Spring Breakers producer tapped Pierre Yovanovitch for the design and brought in French landscape architect Louis Benech to tackle the formal gardens.  

      French interior designer Pierre Yovanovitch updated the interiors during a recent renovation

      Stephen Kent Johnson/OTTO

      Internally, you’ll find hardwood flooring, beamed ceilings, and oversized casement windows throughout. The living room is completely flooded with natural light and features glass French doors. Elsewhere, the dining room sports built-in bookshelves and a cozy fireplace. In addition to the eight-bedroom estate, the grounds of Lasata also comprise a separate two-bedroom guest cottage, a large swimming pool, a pool house, and a three-car garage. 

      “It’s so well known in town,” Eileen O’Neill of Corcoran, who holds the listing with Ed Petrie of Compass, told the newspaper of the compound. “It’s such a part of East Hampton history as well as American history. So that definitely is a draw for people.” 

      Click here to see all the photos of Lasata.  

      Stephen Kent Johnson/OTTO More