Calvin Klein’s former East Hampton estate lists for $165 million

The estate had already enjoyed a notable pedigree. Klein and Rector acquired it from the family of Juan Trippe, the former president of Pan American World Airways, and later brought in renowned architect Thierry Despont for an extensive renovation. For a property that has already changed hands for tens of millions of dollars, this East Hampton estate is making an even bigger play the second time around. Once owned by Calvin Klein, the sprawling oceanfront compound returned to the market in the month of June with a $165 million price tag, putting it within striking distance of the Hamptons’ long-standing residential sales record. Scroll down to read the story of its trajectory.A storied East Hampton addressMore than a decade ago, hedge fund manager Barry Rosenstein set the benchmark for East Hampton real estate when he paid $147 million for an 18-acre property. That record has held ever since, but the latest listing could put it under pressure.According to a report by ELLE Decor, Klein sold his own East Hampton estate in 2021 in an off-market transaction reportedly valued at $85 million. The fashion designer had owned the property since 1987, when he purchased the roughly 8,900-squa...