Historic Southampton Estate Four Fountains for Sale at $35M

This property, Four Fountains, has a very interesting history. It was built as an arts center by Lucien Tyng and wife Ethel in 1928. Houses of the Hamptons says, "Peabody, Wilson & Brown designed this unusual compound, which the Tyngs offered to the community as a venue for art exhibits, concerts, films, and fundraisers, as well as for performances by the Hamptons Players." That's why it has a living room that's 40' by 40' with a 20' ceiling—it was used as a theater and gallery. Later, the house was owned by Archibald Brown, the architect who designed it, and wife Eleanor Brown, who headed the legendary decorators McMillan. Speaking of legendary designers, Sister Parish decorated the house when it was owned by William Paley of CBS and his well-known socialite wife Babe.

Now the compound, set on 6.7 acres, includes a main house, caretaker cottage, greenhouse, garages, pool with pool house and its own pond. There are ten bedrooms and eight baths in all, with 9000sf of space. The beautiful grounds were landscaped by the famous mid-20th century garden designer Russell Page, and are still a favorite stop on garden tours. (Love the rill.) We'll be interested to see who buys the estate and what happens to it.

· Southampton: Fabled Four Fountains [Corcoran]