The Clintons’ Former East Hampton Rental Sells for $29 Million
The Georgica Beach mansion Bill and Hillary Clinton rented in 2011 and 2012 has finally sold after being in contract for almost two years. The $29 million purchase price, down from the $32.2 ask, marks the highest sale so far this year in East Hampton.
Owned by real estate developer Elie Hirschfeld, son of late property developer Abe Hirschfeld, the 10,000-square-foot Lily Pond Lane abode sits on a generous acre, 200 feet of which front directly onto the ocean. The property typically rents for circa $150,000 per month. Mr. Hirschfeld is president of Hirschfeld Properties, a large New York property development company. He is the son of the late Abe Hirschfeld, a well-known New York real estate developer.
The landmark structure was built in 1920 by John Custis Lawrence and features ocean views from almost every room. There are eight bedrooms, nine baths, two powder rooms, a sun room, a library, a gourmet kitchen, six fireplaces, a heated Gunite pool, and a private path to the beach.
Hirschfeld bought the home in 1996 for $3.2 million and totally renovated it in 2002 down to its foundation. The kitchen was updated in 2015. With its formal furnishings, it must have made a welcome White House substitute for the former First Family.