Ralph Lauren is buying late playwright Edward Albee’s oceanfront Montauk house

Lauren owns the houses on either side of this estate, last asking $20M

By Grace Cassidy Dec 6, 2018, 8:31am EST

In July of this year, the oceanfront Montauk home that once belonged to late playwright Edward Albee went on the market for $20 million. Six months later, Ralph Lauren is in contract to purchase the estate, reports the Wall Street Journal.

The 2.83-acre property—which includes a 2,970-square-foot house and 200 feet of direct ocean frontage—in currently owned by the Edward F. Albee Foundation. The playwright lived part-time at the Montauk house until he passed away in September of 2016. He purchased the property back in the ’60s.

Inside the house, there are four bedrooms, three full bathrooms, and two half-bathrooms as well as ocean views, stone and tile floors, and a fireplace in the living room. The property also includes a guest house, a pool, a pool house, and a tennis court.

Albee’s most notable works include titles such as The Zoo Story, The Sandbox, and Who’s Afraid of Virginia Woolf? His talent earned him multiple awards over the course of his career, including three Pulitzer Prizes for Drama, three Tony Awards, the America Award in Literature, and even a National Medal of Arts.

According to the Wall Street Journal, Lauren owns both homes on either side of Albee’s estate. PropertyShark records indicate that the home at 332 Old Montauk Highway is in Ralph Lauren’s name, while the one at the 316 address has a limited liability company listed as the owner.

Douglas Elliman agent Paul Brennan represents the listing.