Calvin Klein has left the building. Or, rather, he’s sold off the last of his properties in the Hamptons.
It was widely reported when Calvin Klein and second wife Kelly split up — unofficially in 1996 but not officially divorced until 2006 — that Kelly was keeping the beautiful oceanfront estate in East Hampton she and Calvin bought in 1987 for $3.6 million from the son of Juan Trippe, the founder of Pan American World Airways. And she did remain in residence.
However, deeds filed in Suffolk County show the nearly 8.5-acre spread has been sold, not by Kelly but by Calvin Klein in two contiguous off-market transactions that totaled $85 million. The bulk of the estate went for $75 million, while an undeveloped adjacent strip of land traded at $10 million. (The second transaction also shows Klein’s daughter, “Saturday Night Live” producer Marci Klein, as a signatory.) The buyers are shielded behind a couple of typically mysterious LLCs.
This is actually the second time in about a year that Calvin Klein has sold a Hamptons estate in an off-market deal valued at more than $80 million. In 2003, long after he and Kelly went their separate ways but still some years before their divorce was finalized, Calvin paid $30 million for an oceanfront mansion on Southampton’s Meadow Lane. He demolished it, spent a fortune building a modern glass box in its place, and sold it to hedge funder Ken Griffin last year for a cool $84 million. And, perhaps not coincidentally, Kelly, a photographer and author who also has a home in Palm Beach, has just spent $15.9 million on a tiny waterfront cottage in nearby Sag Harbor, as first reported in the New York Post.