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Location: Southampton, N.Y.
The Skinny: Formerly a boardinghouse for the William Merrit Chase's Shinnecock Hills Summer School of Art, this charming 6,700-square-foot Southampton home sits amid what is still known as Art Village, a collection of shingled cottages surrounding the former art studio. Once the stomping grounds of artists "Rockwell Kent, Grosvenor Atterbury and Katherine Budd," the house is
now the summer home of designer Kate Spade and her ad guru husband, Andy. next door to the summer home of designer Kate Spade. Previously listed for $5.45M, the three-acre estate went a year and a half without finding a buyer and has seen its price chopped down to $4.75M. Spread among the estate's five structures are eight bedrooms, an original freestanding 1920s ballroom building, an art studio, a guest cottage, and a newly-built garage with upstairs apartment. UPDATE: A local broker wrote in to say that the Spade's actually bought and renovated the house directly north of this property, also built as part of the artist's colony. See revisions above.
· 9 Studio Lane [Saunders]
· Kate and Andy Spade's Informal Hamptons Hideaway Now For Sale [Curbed National]