Published On: Thu, May 12th, 2016

David Geffen buys Hamptons home to the tune of $70 Million

David Geffen Bought a New Spread on Lily Pond Lane for $70M-199 Lily Pond Lane East Hampton Via Bing Maps

 

Entertainment bigwig David Geffen is the secret buyer of a $70 million East Hampton estate, Gimme Shelter has learned.

The property is at 199 Lily Pond Lane and sprawls across 2 acres. (Hedge fund titan Scott Bommer recently sold three Lily Pond Lane properties for $110 million.)

Geffen’s new estate was previously owned by the late fashion CEO Josephine Chaus.

Her former Upper East Side townhouse, at 128 East 73rd St., is also on the market for $36.5 million — down from its $42 million asking price — with listing broker Paula Del Nunzio of Brown Harris Stevens.

In 1975, Chaus and her future husband Bernard launched a fashion brand for young career women, Bernard Chaus Inc.

Read the full story at New York Post, by  Jennifer Gould Keil

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