Calvin Klein’s former Hamptons estate hits market for $165M after being bought for $3.6M in 1987

Calvin Klein’s legendary East Hampton oceanfront estate has officially entered the market with an eye-popping $165 million asking price, positioning itself as the most expensive listing in the Hamptons this year, according to Robb Report.

The 8.22-acre compound, nestled between the Atlantic Ocean and Georgica Pond, boasts 500 feet of direct ocean frontage and a seven-bedroom shingle-style main home originally built in the early 1890s.

View all photos of the residence on Robb Report’s website.

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Unparalleled historic amenities

Recent renovations transformed the property into “Traumhaus”—what Robb Report said the estate was named, meaning “dream home” in German—featuring seven bedrooms, eight bathrooms, eight fireplaces, and three kitchens equipped with top-tier La Cornue and Viking appliances.

Unique features that Robb Report noted include a 1930s boathouse—the last working private boathouse permitted on the coastal lagoon—a red clay tennis court, and a glass catwalk overlooking the living room.

The property could shatter a decades-old record if it sells near the asking price, surpassing the previous high-profile sale in the area, according to the Wall Street Journal.

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From $85M sale to $165M listing

Klein quietly sold the estate in 2021 for $85 million—$75 million for the main parcel and $10 million for the adjacent vacant lot—after purchasing it in 1987 for just $3.6 million, Robb Report confirmed.

According to brokers, per the Wall Street Journal, the listing was timed to coincide with the anticipated SpaceX initial public offering, targeting a fresh wave of ultra-wealthy buyers. Sellers provided no specific reason for departing the compound, but the move marks a significant profit for the fashion icon following his 2021 exit.

If the sale closes near $165 million, the estate will join the week’s most expensive homes list, cementing its status as a landmark luxury real estate opportunity in East Hampton.