The Real Deal New York

Designer Donna Karan tacks on $3.8M home to East Hampton beachfront collection

September 06, 2011 11:09AM

Donna Karan and her East Hampton compound

Clothing designer Donna Karan was the buyer of a $3.775 million home in East Hampton adjacent to three other beachfront homes she owns, the New York Post reported, bringing the total value of her compound to $20 million. The purchase of 52 Hedges Banks Drive, which was listed by Billy O’Neil of Sotheby’s International Realty, closed in June, according to previous reports.

Karan already owned the property at 48 Hedges Banks Drive, which she bought for about half of its current $2.4 million value 14 years ago, the bungalow at 50 Hedges Banks Drive and the mansion at 54 Hedges Banks Drive, where her daughter lives. The latter two properties are estimated to be worth $2 million and $6 million, respectively, the Post said. [Post]

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