Lasata, Where Jackie O Summered as a Child, Sells for $52 Million
Lasata, the Hamptons estate where Jacqueline Kennedy Onassis spent childhood summers, has sold for $52 million, according to a person familiar with the situation.
The property came on the market for $55 million in May, The Wall Street Journal reported. The sales price is more than double what the seller, Los Angeles-based commercial and film producer David Zander, paid for the property in 2018. Records show he bought it from the fashion designer Reed Krakoff for just $24 million that year.
Zander didn’t immediately respond to a request for comment.
The roughly 7-acre East Hampton property was listed by Eileen O’Neill of Corcoran Group and Ed Petrie of Compass. The identity of the buyer, who was represented by Frank E. Newbold of Sotheby’s International Realty, wasn’t immediately clear. It includes an eight-bedroom, roughly 8,500-square-foot main house built around 1917, as well as a two-bedroom guesthouse, a caretaker’s cottage, a pool house and a three-car garage with a workshop, the listing agents said in May. The main house was built for the Manhattan lawyer George Wellington Schurman and has tall casement windows and beamed ceilings.
Onassis spent summers at the property as a child, when the house was owned by her grandfather, John Vernou Bouvier Jr., according to the book “Jacqueline Bouvier Kennedy Onassis: A Life.” The estate was one of a string of impressive properties Onassis called home over the years, from apartments in New York City to houses in Georgetown and estates in Newport, Virginia and Martha’s Vineyard.
Jacqueline Kennedy Onassis with her mother in East Hampton in 1933.
Bettmann Archive/Getty Images
The house was recently redesigned for Zander by the Paris-based interior designer Pierre Yovanovitch. Zander previously told The Wall Street Journal that no expense was spared on the renovation. A crew of painters from Paris was brought in to brush out the walls of some of the rooms in the cottony strokes that he prefers, for instance.
The sale of Lasata is a rare bright spot for the Hamptons market, which is in the midst of a slowdown. Sales on the South Fork of Long Island fell 46% year-over-year, making for the slowest second quarter since 2012 and marking the seventh consecutive quarter of annual decline, according to a recent market report by Corcoran. There were zero sales over $30 million in the second quarter, compared with three during the same period in 2022.
