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Cody House is Back on the Market for $54.995M

Probably a reasonable ask

When the news broke about a month ago that David Geffen had purchased the Lily Pond Lane oceanfront home of late fashion executive Josephine Chaus for $70M, we naturally wondered what was going on with Cody House, his nearby East Hampton estate. Geffen had purchased the West End Road former home of Courtney Sale Ross in 2014 for $52M. Supposedly, the property sold for about $50M to developers.

Now here th property is on the open market again, without one parcel. It was originally 5.5 acres, and now it's 4.4 acres. Asking $54.995M, the 4.4 acres includes the house, which is 7,583 square feet and needs some renovation.. The property is not oceanfront (one house away) but there's 380 feet of frontage directly on Georgica Pond.

Note: an earlier version of this post speculated that Geffen was selling the property.