Calvin Klein Parts With Hamptons Retreat for $85M

Published: August 10, 2021 | By: American Luxury Staff

In the winter of last year, the Hamptons waterfront compound of fashion designer Calvin Klein went to a new owner. It was reportedly hedge fund billionaire Ken Griffin who purchased the Hamptons property, spending around $85 million to acquire the custom-built home.

Klein’s other real estate holdings in the area are changing hands. According to Dirt, the East Hampton residence the designer purchased in the 1980s with Kelly, his second wife, sold recently in two separate transactions that total another $85 million. The main estate, with grounds spanning 8.5 acres, fetched $75 million. A privacy buffer sold in a separate transaction went for $10 million.

The property-shucking sales were preceded by Klein’s unloading of another notable property; in 2017, he sold his Spanish ranch in Miami Beach for $13.2 million. The 5,800 sq. ft. residence, which dates to 1929, was revised under Klein’s ownership to feature a living style of simple but atmospheric rusticity.

Photo credit: Google Maps

4315 August 10, 2021 Real Estate August 10, 2021