$85M Hamptons Home Linked to Fitzgerald and Kennedy Sold
An iconic oceanfront property in the Hamptons known as Dune Cottage has been sold for $84.9 million. This sale marks a significant reduction from its original listing of $120 million. The estate spans 3.6 acres in East Hampton Village and is notable for its rich history and architectural significance.
Historic Background of Dune Cottage
Dune Cottage was originally part of an 80-acre estate owned by Frank Wiborg, a prominent ink manufacturer. Over time, the property witnessed notable connections to literary figures and socialites, including writer F. Scott Fitzgerald and Jacqueline Kennedy Onassis.
The estate features a 14,000-square-foot main residence, a two-bedroom guest house, and 225 feet of ocean frontage. An underground tunnel connects the pool area directly to the beach, enhancing its coastal appeal.
Sale Details and Historical Significance
- Listing and Sale Price: Initially listed at $120 million, the price was reduced to $84.9 million upon sale.
- Square Footage: The main house comprises 14,000 square feet.
- Acquisition: The property was acquired by Ann Tenenbaum and her late husband, Thomas H. Lee, for $16.2 million in 2001.
- Renovation History: The home was rebuilt twice, notably after a fire in 2013.
The estate has a storied past, originally featuring a 30-room residence that was once the grandest property in the Hamptons. It served as a summer retreat for the Wiborg family, which included Jazz Age socialite Sara Murphy, a muse for Fitzgerald’s novel, “Tender Is the Night.” This novelist’s connection to the family has added to the home’s allure.
Transitions Through Ownership
In the 1940s, the property fell into disrepair and was largely destroyed by the East Hampton fire department. In the 1980s, it was purchased by Lee Radziwill, the sister of Jacqueline Kennedy Onassis, and her husband Herbert Ross.
Tenenbaum and Lee took charge of the property after renting it during Radziwill and Ross’s divorce proceedings. They retained much of the original design, preserving the historical significance of the estate while updating its features.
Market Movement
Originally brought to the market in June 2024, Dune Cottage underwent price adjustments shortly thereafter. The brokerage that handled the transaction has not yet commented on the details of the deal.
This sale of the Hamptons home linked to both Fitzgerald and Kennedy underscores the enduring interest in properties with rich histories and architectural legacy.
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