Still hot off the $2.8 billion sale of his eponymous brand last year, designer Tom Ford has added another property to his impressive portfolio. His latest acquisition: Jackie Kennedy’s historic East Hampton estate, per the Wall Street Journal. The fashion mogul shelled out $52 million for the 8,500-square-foot Arts-and-Crafts-style mansion. The former First Lady spent her childhood summers at the stately abode while it was under the ownership of her grandfather, John Vernou Bouvier Jr.
The Bouviers gave the seven-acre property the name Lasata, which translates to “place of peace” in the local Montaukett people’s native Algonquian language. Indeed, listing details claim that the serene sounds of Atlantic Ocean waves can be heard from inside the home, which is enveloped by verdant lawns and mature trees.
The grand 10-bedroom, 13-bathroom abode, which sports a crisp white exterior, was built in 1917 by New York City architect Arthur C. Jackson. Lasata was in need of significant updates and restoration when fashion designer Reed Krakoff and his wife, interior designer Delphine Krakoff, bought it for $20 million in 2007. The couple took care to bring the home into a new era while keeping its historic qualities at the forefront, and the final product was featured in the April 2016 issue of AD.
The picturesque dwelling next changed hands in 2018, when producer David Zander nabbed it for $24 million and got to work redecorating it with the help of AD100 designer Pierre Yovanovitch, going as far as flying in painters from Paris to utilize his preferred “cottony” style of brushstroke, according to the WSJ.
The manse has now sold for more than double Zander’s purchase price. The Spring Breakers producer listed the compound, which includes a two-bedroom guest cottage, a caretaker’s cottage, a pool house, and a three-car garage-slash-workshop in addition to the main structure, in May for $55 million.
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Late last year, Ford dropped another $51 million on a modern Palm Beach mansion featuring an open-air interior courtyard. He later reportedly swapped it with private equity CEO Brian Kosoy’s nearby 17,400-square-foot 1930-built abode. The fashion icon and filmmaker has made a point of acquiring incredibly stylish properties, including structures designed by the likes of celebrity favorite starchitect Tadao Ando and the famed midcentury modernist architect Richard Neutra.
The listing agents for Lasata were Eileen O’Neill of The Corcoran Group and Ed Petrie, Charles Forsman, and James Petrie of Compass. The buyer was represented by Frank E. Newbold of Sotheby’s International Realty.