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Ralph Lauren Reportedly Buying Edward Albee’s Montauk Estate


Ralph Lauren Reportedly Buying Edward Albee’s Montauk Estate

Ralph Lauren

Gilbert Carrasquillo/GC Images

Edward Albee’s Montauk, NY, home will be purchased by fashion designer Ralph Lauren, according to the Wall Street Journal. The final sale price of the waterfront home hasn’t been disclosed as of yet, but it was listed for $20 million.

The playwright known for such American classics as “Who’s Afraid of Virginia Woolf?” died in 2016. The beach house he bought in the 1960s—now owned by the Edward F. Albee Foundation—came on the market this July for $20 million. Until his death, the writer had spent his summers at the oceanfront property, where he even had done some of his writing. 

“He was quite a fixture in Montauk. Everybody knew him,” listing agent Paul Brennan  of Douglas Elliman said about Albee when we reported on the home in July. 

Edward Albee’s former home

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Oceanfront views

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Living room

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Library

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Bedroom

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The property includes a pool and a tennis court.

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A once-sleepy fishing village when the playwright bought the property five decades ago, Montauk is now an upscale summer retreat. The Journal reported that Lauren actually owns homes on either side of Albee’s former abode. The fashion designer will now command a Montauk compound.

The 2.8-acre property includes 200 feet of ocean frontage, a main house, guesthouse, pool house, pool, and tennis court. The 2,900-square-foot main house has four bedrooms and four bathrooms. 

The layout contains a white kitchen, an office, a formal dining room, and a living room with sliding glass doors, all overlooking the Atlantic Ocean.

The sale will benefit the Edward F. Albee Foundation, which supports writers and visual artists through a residency program.

Albee’s works were featured on stage and screen. His plays earned three Pulitzer prizes and two Tony awards, and he received the National Medal of Arts. Albee died at the age of 88.

The post Ralph Lauren Reportedly Buying Edward Albee’s Montauk Estate appeared first on Real Estate News & Insights | realtor.com®.

Source: Real Estate News and Advice – realtor.com » Real Estate News