Ten-bedroom home with guest house, owned by Jackie's grandfather, a retreat from Park Ave to East Hampton's luxury

Jacqueline Kennedy Onassis’s childhood summer home in East Hampton, New York, can now be yours for $29.9 million.

The property was owned by Jackie’s grandfather, John Vernou Bouvier Jr.  His wife, Maude Sergeant, initially bought the home in the newly fashionable Hamptons in 1925, reports The Washington Post. The property’s name, Lasata, comes from a Native American word meaning “Place of Peace.”

Jackie spent her summers at Lasata and learned how to ride horseback there.

Lasata, Jackie Kennedy's childhood home. Credit: Douglas Elliman

Lasata, Jackie Kennedy's childhood home. Credit: Douglas Elliman

“Each May the various Bouvier households would move out of their Park Avenue apartments for the summer to East Hampton,” writes Sarah Bradford in her book 'America’s Queen: The Life of Jacqueline Kennedy Onassis.' “Maude would transplant her entire household staff to Lasata.”

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The asking price for the manor was recently reduced by $5 million, the property’s second price cut in three months.

Lasata's pool and pool house. Credit: Douglas Elliman

Lasata's pool and pool house. Credit: Douglas Elliman

The home, at 121 Further Lane,  hit the market last year at $38.995 million and has since had $9 million worth of price cuts, Mansion Global reports.

The 8,500 square foot home, which was built in 1917, was designed by Arthur Jackson. The house has 10 bedrooms, 10 bathrooms and two half bathrooms. The estate sits on more than seven acres and also boasts a swimming pool, pool house, three-car garage, and two-bedroom guesthouse.

Lasata interior shot. Credit: Douglas Elliman

Lasata interior shot. Credit: Douglas Elliman

An adjacent four-acre parcel holding the home’s sunken grass tennis court is also on the market. It is available for $11.995 million, reduced from its original $15 million asking price.

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The estate is currently owned by Reed Krakoff, a fashion designer and chief artistic officer at Tiffany& Co.  He bought the property in 2007 for $20 million. Krakoff and his wife Delphine, an interior designer, renovated the house and grounds with the help of Manhattan architect Mark Ferguson.

Bedroom in Lasata. Credit: Douglas Elliman

Bedroom in Lasata. Credit: Douglas Elliman

“The new price is very realistic and represents substantial value considering the house was totally renovated in 2007,” said listing broker Peter Turino of Brown Harris Stevens. “The fact that this property was the Bouvier summer residence throughout the 1920s adds an uncommon element of intrigue.”

The listing is being shared by Turino, Douglas Elliman’s Carol Nobbs and Corcoran’s Susan Breitenbach.

Here's a video about the property, released by Forbes, in Sept 2016:

Jackie Kennedy.Wikimedia/Public Domain