The Real Deal New York

Elie Tahari wants $45M for his three-bed Hamptons pad

It's the first time the fashion designer has listed the Sagaponack home
October 03, 2017 12:30PM

135 Crestview Lane and Elie Tahari

Renting was just a gateway drug for fashion designer Elie Tahari. The clothing mogul made headlines this summer when a hedge funder paid $800,000 to spend July and August at his Hamptons estate at 135 Crestview Lane in Sagaponack. Now, just two months later, the 4,500-square-foot is on the market asking $45 million.

Tahari and his ex-wife Rory Tahari picked up the 2.5-acre property for $12.1 million in 2005, according to the Wall Street Journal. The couple divorced in 2011 and Rory recently picked up a co-op at 930 Fifth Avenue.

“Crestview has been the epicenter of my family’s life for over a decade,” Tahari told the Journal. But “I’m so focused on my business right now that I haven’t been there for the last two summers. Maybe it’s time for someone else to love it as we have.”

But for $45 million buyers will only be getting three bedrooms and three bathrooms, potentially a hard sell. To grease the wheels, listing brokers Keith Green and Ann Ciardullo of Sotheby’s International Realty are marketing the property with partially approved plans for an extension that would increase the footprint of the house to eight bedrooms and 10,000 square feet.

Outside, the estate boats a dining area, a 60-foot lap pool, a basketball court, 200-year-old barn and 250 feet of beach frontage.

The Hamptons aren’t Tahari’s only prestigious address. He acquired two condominium units at 15 Central Park West for a combined $25.3 million back in 2014. [WSJ]Christopher Cameron