Southampton estate sells for $70M after years for sale

After 10 years on and off the market, this sprawling East End property has finally sold.

And perhaps some things are worth waiting for. The enormous Southampton compound commanded more than any waterfront-free Hamptons home ever has, the Wall Street Journal reported.

The approximately 9-acre Linden Estate has spent the past decade hitting the market only to be taken off, then put back on and periodically being rented for some very Hamptons prices. When it rented for $650,000 a month to billionaire hedge fund manager Julian Robertson in 2016, The Post reported its asking price had wavered between $49 million and $59.5 million. Now, at last, it has finally sold — and for $70 million, to an international businessperson, agents involved in the sale told the Journal. 

That price puts the 18,000-square-foot home among the Hamptons’ most expensive sales of the year, said Corcoran’s Tim Davis, who held the listing along with Sotheby’s International Realty’s Harald Grant.

linden estate southampton
The home boasts an indoor pool with a waterslide.
There's plenty of room for outdoor seating.
There’s plenty of room for outdoor seating.
linden estate southampton
The home has 12 bedrooms plus staff quarters, as well as this tony living area.
linden estate southampton
The compound has spent the past decade on and off the market.
linden estate southampton
Plush lounge spaces abound.
linden estate southampton
An aerial view of the property.

German fashion mogul Jurgen Friedrich and his wife purchased the estate, which was constructed circa 1988, for $8.5 million in 2002 before investing tens of millions into renovating it.

According to its last listing, it boasts a waterslide-equipped indoor pool, a 60-foot outdoor pool, a carriage house with an attached greenhouse and, in the terracotta-roofed main house, 12 bedrooms plus staff quarters and a leather-paneled library. The home’s name is inspired by its linden trees, which were part of its original landscaping, done by Central Park designer Frederick Law Olmsted, Davis told the Journal.  

While the Friedrichs certainly sold the property for much more than they paid for it (although how much they sunk into renovations is unclear), they weren’t so successful with their Plaza hotel apartment: The couple sold the Manhattan pad for $18 million last year after spending $25.49 million to acquire it in 2007, the Journal reported.

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