Lasata, Childhood Home Of Jackie Onassis Hits Market

With the film “Jackie” starring Natalie Portman as the former First Lady making the film festival rounds—possibly including next month’s Hamptons International Film Festival—what better time to put her East Hampton childhood home up for sale?

Apparently, Reed Krakoff agrees, as he has just listed the estate on Further Lane known as Lasata on the market with a $54 million price tag affixed to it.

Jacqueline Bouvier was born at Southampton Hospital in 1929, and until her adult years summers were spent at the family’s estate in East Hampton with an Indian name that meant “place of peace.” Her father was John Vernou Bouvier III, known to most as “Black Jack,” a dashing figure with a fondness for gambling and alcohol as well as his two daughters, the other one to become known as Lee Radziwill. The house is a 9-iron from the Maidstone Golf Club and Atlantic Ocean and was built in 1917 and purchased eight years later by Jackie’s grandfather, “Major” Bouvier. The 11-plus-acre property includes the original eight-bedroom house plus a two-bedroom guest house, tennis court and swimming pool with a pool house. After Jackie’s parents married in East Hampton in 1928, they stayed at the Lasata family compound, and even after they divorced in 1940, Jackie and her sister continued to visit their grandparents there.

Lasata was to serve as a setting in a documentary about Jacqueline Bouvier Kennedy Onassis made by the brothers David and Albert Maysles, and reportedly some footage was shot at the estate. But the filmmakers turned their attention to other members of the family, Big Edie and Little Edie Beale, and their separate estate in East Hampton. The result was the award-winning documentary “Grey Gardens.”

Through the decades Lasata remained in private ownership and was bought by Mr. Krakoff, former creative director of Coach, and his wife, Delphine, for $25 million in 2007. The couple got going on extensive renovations and then spent summers and weekends there. It became an annual event to throw a Bastille Day party at Lasata in honor of Ms. Krakoff, who was born in Frence. The estate has become expendable because last year the couple purchased a 50-acre estate in Connecticut and they have been spending more time there.

The Further Lane estate has just the one name, but according to agents at the Corcoran Group and Brown Harris Stevens, Lasata is listed as two separate properties. A check for $39 million will win you the main house, pool and guest house on 7.2 acres and the remaining 4 acres with the tennis court is going for $15 million.

By the way, the Bouviers still own property in East Hampton—as proof, visit the family plot at the Most Holy Trinity Cemetery on Cedar Street.