When Ann Tannenbaum and her late husband Tom Lee purchased their East Hampton oceanfront estate from Lee Radziwill following the death of her estranged husband Hollywood director Herbert Ross, their plan was to renovate the existing shingle style house. They soon found that the structure needed more work than they originally anticipated, and instead took it down to the studs and proceeded to build a new one to the exact specifications of Radziwill’s dream home.
In 2013, the new home was destroyed during a devastating fire where thankfully no one was injured, and the couple then embarked on iteration 3.0 — this time a bit larger and more modern in scale, but with no less charm or style than the original.
The 3.6-acre, 14,000-square foot property, purchased in its original state for $16.2 million in 2001, has now hit the market for a staggering $120 million. Despite the hefty price tag, many Hamptons real estate watchers predict it may not be on the market for long. “This combination of provenance and location are hard to beat,” said one.