You can’t have too much money, and perhaps too many ex-husbands, but real estate’s another matter

Christie Brinkley’s having difficulty unloading her houses

Christie Brinkley, the model, Hamptons socialite and real-estate investor, has put a 19th-century five-bedroom house in Sag Harbor on the market for $15.75 million.

The house, featuring massive white columns, dates to 1843, and sits on a 4.5-acre lot with 327 feet of beachfront. It is located near the southern tip of North Haven, a short walk down a causeway to Sag Harbor.

“I love fixing up old houses,” Ms. Brinkley said in a statement. “But my life is so busy between with my children, launching several new businesses and my philanthropy, I just don’t have time.”

She said that since she has “other homes on the Sag Harbor waterfront,” she “decided to let someone else have this beautiful charming home.” [Right - Ed]

The property is part of a significant collection of real estate that Ms. Brinkley has assembled in the Hamptons over the years. Property records show that she paid $7.15 million for the house in 2004 through a trust, known as the Sunset trust, and also bought a second house she still owns directly across the street in North Haven in 2007 under the name Sunset Trust #2, for $9.99 million.

Ms. Brinkley, 56 years old, has more than 500 magazine covers to her credit. She has developed lines of jewelry and eyeglasses and has become a presence at charity events and various causes in New York and the Hamptons.

But she has been a serious investor in Hamptons real estate, picking up homes and lots on the East End that she has then put on the market from time to time.

Ms. Brinkley has had a century-old, 12-bedroom house in Bridgehampton, known as Tower Hill because of its 50-foot observation tower, on and off the market years. Peter Cook, her fourth husband until a very public divorce two years ago, worked on the property, but Ms. Brinkley says that she had a vision for all the homes she owns.

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One response to “You can’t have too much money, and perhaps too many ex-husbands, but real estate’s another matter

  1. john

    Chris;

    I saw this story a few days ago and thought of you. 7.5 in 2004 and 15 million today? She must really know how to fix up a house!

    BR,

    John