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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.)

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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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