According to the Wall Street Journal, Tom Ford has paid $52 million for Lasata, the Hamptons mansion where Jacqueline Kennedy Onassis spent her summers as a youngster. In May, the property was listed for $55 million, which was more than twice the amount that its previous owner, film producer David Zander, had paid for it from Reed Krakoff, another fashion designer, in 2018. Last week was the closing date for the sale.

The sale occurs less than a year after Estée Lauder struck a roughly $2.8 billion deal to acquire Tom Ford’s fashion label. The fashion mogul has since made several real estate purchases, including a modern Palm Beach mansion, for which he shelled out $51 million in December 2022 and later swapped for an even larger 1930 abode in the same area owned by private equity CEO Brian Kosoy in an off-market transaction, per the Real Deal.

Lasata’s guests are welcomed by chic lounge seating.

Located in East Hampton, New York, Lasata—or “place of peace” in the Algonquin language of the native Montaukett people—was originally built in 1917 in the Arts and Crafts style for Manhattan lawyer George Wellington Schurman before changing hands in 1925 to John Vernou Bouvier Jr., a lawyer who became a grandfather to Jacqueline Kennedy Onassis, Little Edie Beale, and Lee Radziwill. Young Onassis and her six siblings returned to the grand 10-bedroom manse in summers, learning to ride horses and likely meandering the property’s unending orchards. The property spans roughly seven acres, including a two-bedroom guesthouse, a caretaker’s cottage, a pool house, and a three-car garage.

In 2007, fashion designer Reed Krakoff and his wife, interior designer Delphine Krakoff, bought the grand 10-bedroom abode for $20 million. Eleven years later in 2018, producer David Zander nabbed it for $24 million, bringing ELLE DECOR A-list designer Pierre Yovanovitch on board to reimagine the interiors and landscape architect Louis Benech to do the gardens and landscaping, and going as far as to fly in a crew of Parisian painters to brush out the home’s walls in a unique cottony stroke, according to the Wall Street Journal. Ford, who’s known for acquiring stylish properties including structures designed by starchitect Tadao Ando and the famed midcentury modernist architect Richard Neutra, purchased the picturesque abode for more than double Zander’s purchase price.

The listing is held by Eileen O’Neill of the Corcoran Group and Ed Petrie, James Petrie, and Charles Forsman of Compass. The buyer was represented by Frank E. Newbold of Sotheby’s International Realty.