Designer Reed Krakoff is peddling another piece of prized property in the Hamptons.
Krakoff listed his property at 55 and 61 Dune Road in Amagansett for $49.5 million, the New York Post reported. The listing for the 7,200-square-foot home breaks down to an even $6,875 per square foot.
The Krakoffs bought the land from photographer Antoine Verglas for $10.5 million in 2018.
The six-bedroom home is situated on a three-acre estate with 200 feet of ocean frontage. There’s a pool, five guest rooms, a gym and a garage.
The design of the estate may be its true calling card. The home was built only two years ago, but was crafted by Thomas Phifer and Partners to be three glass-walled pavilions atop the ground floor. The estate is gated and next to a nature preserve.
One pavilion has the chef’s kitchen and living and dining areas, while another has the main bedroom suite and the third has a library.
The listing was first disclosed by Behind the Hedges. Hedgerow Exclusive Properties has the listing.
Krakoff is the creative chair at John Hardy, but has also held posts at Coach and Tiffany & Company. His wife, Delphine, is an acclaimed interior designer.
In addition to their artistic endeavors, the Krakoffs have quite the real estate history, including on the East End. They once owned Lasata, a summer destination of Jackie Kennedy Onassis. They bought it in 2007 for $20 million and sold it 11 years later to television and film producer David Zander.
They own a property in New Canaan, Connecticut that spans 52 acres; after purchasing it for $14.3 million in 2014, they’re looking to sell for $25.5 million. The couple has also owned lavish townhomes on the Upper East Side that they sold for $15 million in 2007 and $51 million in 2014, respectively.
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