Fashion designer Ralph Lauren is in contract to buy playwright Edward Albee’s former estate in Montauk, the Wall Street Journal reported on Thursday. The property had last been listed for $20 million, the first time on the market in 50 years, but the final sale price has not been confirmed. Located on 2.8 acres with 200 feet of Atlantic Ocean frontage, the four-bedroom home was first purchased in the 1960s by the “Who’s Afraid of Virginia Wolf” writer, who died in 2016. With this purchase, Lauren, who owns homes on either side of the property at 320 Old Montauk Highway, adds to his continuous strip of oceanfront real estate.
Sited on 2.8 acres, with 200 feet of Atlantic Ocean frontage, the estate at 320 Old Montauk Highway in Montauk was purchased in the 1960s by the renowned “Who’s Afraid of Virginia Wolf” playwright, who died in 2016. The property is now for sale asking $20 million. Albee’s Tribeca loft is also on the market for $9 million. The legendary stage actress Uta Hagen reportedly convinced Albee to buy the Montauk property, which he proceeded to populate with a collection of native plants and trees. This is the first time it’s been on the market in more than 50 years.
Located in what was once a cheese warehouse at 14 Harrison Street in Tribeca, this 4,500-square-foot loft has been the home of American playwright Edward Albee since 1977. According to Mansion Global, Albee held his famed annual Christmas party here, with luminaries like Lauren Bacall and Kathleen Turner in attendance. The duplex co-op spanning the building’s fifth and sixth floors is a fascinating home even without the literary connection; the classic loft, with an elevator that opens on each floor, is currently for sale asking $8.995 million.