The Real Deal New York

Fandango founder wants $17.5M for Gin Lane estate in Southampton

August 21, 2012 02:00PM

From left: Tim Davis of Corcoran, an exterior shot of the property and an interior one

J. Michael Klein, the founder of online box office Fandango, has listed his Gin Lane, Southampton estate for $17.5 million, Curbed reported. He acquired the 2.2-acre property in 2007 for $11.5 million from CC Wang, the father of designer Vera Wang.

Tim Davis at the Corcoran Group has the listing for the nine-bedroom, 10.5-bathroom home. Square footage was not mentioned in the listing, but Curbed said the home measures 7,000 square feet. Special features include a 60-foot outdoor swimming pool, a courtyard terrace, a library, a media room and a tennis court.

As The Real Deal reported in this month’s issue, Southampton has seen some pricey sales this year. The $28.5 million sale of Marc Rowan’s six-bedroom home at 322 Meadow Lane marked the most expensive on the list. Tim Davis of Corcoran had the exclusive for the fourth priciest sale, which was in Southampton — a $24 million, 17,000-square-foot mansion.

Hamptons home sales increased 9 percent in the second quarter of this year, though median prices fell, The Real Deal reported. [Curbed] — Zachary Kussin