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Off the Market: Lou Reed Settles in East Hampton, More!

[L: Casa de Reed; Photo courtesy Real LI; R: Anderson's rental; Photo courtesy BHS]
Two items of note in the celebrity real estate world this week... Rock-god Lou Reed has just purchased a $1.495 million East Hampton home with wife Laurie Anderson. The mini-compound near the Amagansett border features a two-bedroom main house, a one-bedroom guest house and a pool house. The Reed-Anderson residence isn't too far from fellow music legend Paul McCartney's Amagansett home.

In Sag Harbor, trainer-of-Madonna-and-Gwenyth Tracy Anderson (no relation) has rented a small bayfront three-bedroom home with the hopes of opening a Tracy Anderson Method studio on the East End. The home is still on the market for $2.595 million, and was offered for rent at $65,000 for the year. Anderson's plans when in Sag Harbor include the development of new 'moves'. Neighbors: you've been alerted.
· Lou Reed, Laurie Anderson buy East Hampton House [Real LI]
· Trainer Tracy Anderson Rents House in Sag Harbor [Real LI]