It’s fitting that designer Kate Spade’s summer home once functioned as the boarding home for an art school. The Southampton residence, which was previously listed for $5.45 million, is now back on the market with a new price tag of $4.75 million, according to Curbed.
Shinnecock Hills Summer School of Art, started in 1892 by impressionist painter William Merritt Chase, still stands today as a collection of buildings on a 2.9-acre parcel in Southampton. Coined “Art Village,” the centuries-old structures are still originals, with shingled sides and leaded glass windows.
The main home at 9 Studio Ln, Southampton, NY 11968, measures 6,700 square feet with 8 bedrooms and 6 bathrooms and has been updated with modern features, including a new roof, kitchen, baths, heating and electrical system, while still maintaining the original character.
Nods to Spades’ designs — her line of accessories are often preppy and colorful — can be found throughout the home, including one room with a bright blue ceiling and the dining room, which has light pink walls.
The listing is held by real estate agent Lylla Carter of Saunders. A monthly payment on the property would be $17,047, assuming a 20 percent down payment on a 30-year fixed mortgage and calculated with today’s mortgage rates.