J.Crew chief buys $17 million Wainscott house
J.Crew chief executive Millard Drexler is in contract to buy a house in Wainscott for $17 million, a source tells RealLI. The house at 120 Beach Lane is listed for $19 million. The six-bedroom, four-bathroom shingle-style house is between the Atlantic Ocean and Wainscott Pond on a three-acre lot.
Ronald Lauder owns property next door.
Drexler also owns houses in Montauk and Bridgehampton. The agent involved in all three properties was Paul Brennan of Prudential Douglas Elliman Real Estate in Bridgehampton. He co-brokered Montauk with Linda Stein, who was murdered last year at her Manhattan apartment.
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