Julia Koch has captured a historic estate in the Hamptons near her current estate in Southampton, Vidak For Congress has learned exclusively.
East End sources tell us that Koch — who is New York’s richest woman — bought the house for just under its $75 million asking price.
The 8-hectare estate has a 150-meter beach front and a total of 15 bedrooms. Built in the 1920s, it was previously owned by the late attorney Julia Vance Carter.
But when the property went on sale last year, a report described it as a “22,000-square-foot Tudor-style refurbishment.”
An insider tells Vidak For Congress that Koch plans to restore the historic building, but any ideas are still in the early stages and may need to go through time-consuming red tape.
“It’s a very unique, historic home,” said a source with knowledge of the property. “It had been her neighbor’s house for decades and had fallen into a state of disrepair. They are in the very early stages of exploring different options [for restoration] — and that could take years.”
Another source tells us that the property could be a residence for Koch’s three adult children and their families.
“They really can’t use the house right away,” said a source.
One listing says that in its current configuration, the home also includes a staff wing, separate guest cottage, gym, tennis courts, game rooms, and a 48-foot pool with a spa.
Koch already owns an $18 million mansion along what’s known as Billionaire Lane in Southampton, which was also home to Calvin Klein, Leon Black, Aby Rosen, Ian Schrager, and Jay Sugarman.
Representatives did not comment.
Koch, 60, and her late husband, David Koch, previously restored a unique home adjacent to their Palm Beach, Florida estate. The family won an architectural award for the project in 2008: the Ballinger Award for the restoration or rehabilitation of a heritage-listed estate or public space.
We previously reported that Julia has enlisted star designer Peter Marino to work on her $40 million Upper East Side mansion purchased in 2018.