Billionaire Jim Clark appears to have reneged on the purchase of the nine-acre Southampton estate he went into contract for about eight months ago, according to a report from Curbed. The software magnate and his wife, an Australian model, supposedly bought the sprawling grounds, called the Linden Estate, last July, Curbed said. Previously, the home sat on the market for four years, with asking prices as high as $60 million. The seller was Jurgen Friedrich, the former CEO of the Esprit clothing brand in Europe.
At the time, the couple gushed that they bought the home in order to raise their kids in the fresh air and open spaces Southampton offers. It seems that plan is off the table, at least for the time being. While it was last listed at $49 million, the current asking price is clearly a discount. Records show an LLC that appears to be affiliated with Friedrich retains ownership.
The 12-bedroom estate includes a tennis court, indoor and outdoor pools, and a greenhouse, Curbed said.
Tim Davis and Felicitas Kohl, both of the Corcoran Group, appear to have the listing, per the company’s website. [Curbed] –Guelda Voien