Julia Koch and 840 Meadow Lane in Southampton (Getty Images, Tim Davis/Corcoran)
Sources have outed the customer behind the $70 million Southampton buy reported in November.
David Koch’s widow, Julia Koch, purchased 840 Meadow Lane, Page Six reported. Her representatives didn’t remark to the publication in regards to the report.
The Southampton sale was one of many largest residential offers within the Hamptons final yr. The eight-acre property, which was listed for $75 million, features a 15-bedroom, 22,000-square-foot Tudor-style house, 500 ft of seashore frontage, a beachfront deck, pool and tennis court docket.
For a long time, the property was within the household of the late Julia Vance Carter, who handed away in 2014. The property was owned by an LLC tied to Carter.
Tim Davis of the Corcoran Group had the itemizing. The agent declined to remark to The Real Deal.
Last yr, Davis advised the Wall Street Journal {that a} main renovation of the property might price $25 million. According to Page Six, Koch plans to revive the property, which crimson tape might render a prolonged course of.
“They’re in the very early stages of exploring different options [for restoration] — and that might be years away,” a supply advised Page Six.
Koch already owns an $18 million mansion in Southampton. She appears primed to spend extra time within the space.
Earlier this yr, Koch reportedly began procuring an house at 740 Park Avenue within the Upper East Side for $60 million. A spokesperson mentioned she was seeking to spend extra time in each Southampton and Palm Beach.
The 18-room duplex was bought by Koch’s late husband from the Japanese authorities in 2004 for about $17 million, as he outbid one other billionaire, Leonard Blavatnik. The Corcoran Group’s Leighton Candler is advertising the property.
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