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Ralph Lauren adds $20M oceanfront home to Montauk portfolio

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Fashion designer Ralph Lauren has gone into contract to buy the onetime Montauk home of playwright Edward Albee, the Wall Street Journal reported. The home, which spans about three acres and has a 2,100-square-foot main house, a guesthouse and a pool house, was last listed with Douglas Elliman’s Paul Brennan for $20 million. The grounds also include a tennis court and pool. Lauren already owns homes on either side of the property. Albee bought the home, which hit the market in July, during the 1960s after writing “Who’s Afraid of Virginia Woolf?” Albee died in Montauk, where he lived part-time until his passing in September 2016. [The Real Deal]

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