J. Crew boss re-lists Wainscott home for $21.5M

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Mickey Drexler, the chairman of J. Crew, is selling his latest Hamptons home for $21.5 million. The two-acre plot at 120 Beach Lane in Wainscott boasts a 3,500-square-foot home and 315 feet of Atlantic beachfront. Drexler, who paid $17 million for the property, had originally listed it for $26.6 million and took it off the market after a $4 million dollar price reduction failed to lure a buyer, 27 East reported. Drexler has a history of flipping East End real estate. He once owned Andy Warhol’s former Montauk estate, selling the nearly six-acre property in 2015 for $50 million. [27 East]