Ralph Lauren in contract to buy playwright Edward Albee’s oceanfront Montauk home

Fashion designer Ralph Lauren is in contract to buy playwright Edward Albee’s former estate in Montauk, the Wall Street Journal reported on Thursday. The property had last been listed for $20 million, the first time on the market in 50 years, but the final sale price has not been confirmed. Located on 2.8 acres with 200 feet of Atlantic Ocean frontage, the four-bedroom home was first purchased in the 1960s by the “Who’s Afraid of Virginia Wolf” writer, who died in 2016. With this purchase, Lauren, who owns homes on either side of the property at 320 Old Montauk Highway, adds to his continuous strip of oceanfront real estate.

Actress Uta Hagen reportedly convinced Albee to buy the home, where he later grew a collection of native plants and trees. And another one of Albee’s former homes is for sale: his Tribeca loft is listed for $9 million.

Features of the property include a 2,100-square-foot main house (with a cedar-shingle exterior), an 817-square-foot guest house, a pool and pool house, and a tennis court.

Although the home overlooking the Atlantic isn’t as large as other Hamptons estates, its beachfront charm and unforgettable views make up for it. Modern design lovers will appreciate the mid-century modernist style found throughout the home.

In the second-floor study, Albee wrote the Pulitzer Prize-winning “Seascape” and other plays. According to the WSJ, proceeds from the sale will benefit the Edward Albee Foundation, which aims to support artists and writers through a residency program.

[Listing: 320 Old Montauk Highway by Paul Brennan for Douglas Elliman]

[Via WSJ]

RELATED:

• Playwright Edward Albee’s Montauk home is on the market for the first time in 50 years asking $20M
• Tribeca loft where Edward Albee wrote his famous plays lists for $9M
• Scarlett Johansson checks out $8M oceanfront condo at celeb-studded Montauk resort

All images courtesy of Douglas Elliman