The Real Deal New York

Jackie O’s Hamptons summer getaway is up for sale

Fashion designer Reed Krakoff is asking $54M for “Lasata”

September 16, 2016 11:55AM

Jackie O, 121 Further Lane in East Hampton before renovations and Reed Krakoff

Jacqueline Kennedy Onassis, 121 Further Lane in East Hampton before renovations and Reed Krakoff

You too can have a Jackie O style summer, but it’ll cost you a cool $54 million.

Nearly a decade after buying “Lasata,” the 11-acre East Hampton estate where Jacqueline Onassis Kennedy summered as a child, former Coach executive director Reed Krakoff is putting it on the market as two separate parcels.

The estate at 121 Further Lane features a century-old house, a two-room guesthouse, tennis court and swimming pool. That parcel is on the market for $39 million, while 4 adjacent acres with a tennis court is listed for nearly $15 million.

Susan Breitenbach of the Corcoran Group TRData LogoTINY and Peter M. Turino of Brown Harris Stevens have the listing.

Krakoff and his interior designer wife purchased the property in 2007 for $25 million and quickly embarked on renovations. Even though the couple spent $14 million on an estate in Connecticut last year , they are continuing to look for land to build a new, modern house in the Hamptons, according to the newspaper.

In 2014, the Krakoffs sold a Manhattan townhouse for $51 million, and paid $28 million for a place on the Upper East Side. [WSJ]Miriam Hall