Welcome to the magnificent Hamptons mansion worth $29 million, where Hollywood icon Leonardo DiCaprio recently enjoyed a weekend getaway with his close companions. Situated at 219 Sagg Main St., this exquisite property was masterfully developed by Kristen Farrell & Co. in the sought-after location of Sagaponack. DiCaprio and his crew became interested in renting the home one Saturday morning, arrived later that afternoon, and left on Monday, ensuring the property was left in immaculate condition. Interestingly, the lease was signed by an enigmatic woman from India, as confidential sources inform us exclusively. It turns out that they were in town to attend Michael Rubin’s exclusive white party, a renowned event. Although DiCaprio, 48, and model Gigi Hadid, 28, were seen spending time together on the East End, Hadid did not stay at the house or attend Rubin’s star-studded Fourth of July celebration.
This extraordinary residence at 219 Sagg Main St. represents Kristen Farrell’s first independent project subsequent to her divorce from celebrated builder Joe Farrell in 2022. Purchased last June for $12 million after it had fallen into foreclosure, Farrell dedicated the following year to transforming and reimagining the property, resulting in a stunning luxury residence. And now, in June of this year, she has listed it on the market for $28.95 million.
The property crafted by renowned Hamptons builder Michael Davis in 2010 for a family, was unfortunately left unfinished. However, Farrell recognized its potential due to its exceptional structure and captivating features. The main house covers an impressive 15,454 square feet and comprises nine bedrooms, along with a pool house, a tennis court, a screening room, a home gym, a spa, and two beautifully preserved barns from the early 1900s, adding a touch of historic charm.
One of the highlights of this extraordinary estate is the first barn, which includes two full bathrooms and a kitchenette, making it suitable as a versatile living space featuring a main living area with a stunning cathedral ceiling. The second barn offers endless possibilities and can be transformed into an art studio, vintage car storage, or even a unique man cave, providing the new owner with the freedom to define its ultimate purpose.
Excited about her inaugural solo project, Farrell declared her pride in successfully completing a full renovation of this exceptional property that she acquired after it fell into foreclosure, a rare occurrence in Sagaponack. Recognizing the rarity of such expansive living space in the area, Farrell seized the opportunity to reinvent and redesign it to suit the needs and preferences of modern homeowners.
It is worth noting that current building regulations prevent the construction of similarly grand residences in Sagaponack, where a new property on a 3-acre plot is limited to a maximum of 8,000 square feet above ground. According to Farrell, should someone desire a larger home, they would need to build downwards, exploring the potential of underground spaces.
Prior to DiCaprio and his guests enjoying their stay, Farrell hosted a grand party at the mansion, welcoming around 300 attendees. The event featured a carefully curated art collection by Farrell’s son, Joey, a talented senior student at Parsons School of Design. The Modlin Group’s Christopher Covert serves as the listing broker for this remarkable property, while esteemed brands such as Sub-Zero, Wolf, Technogym, Teak + Table, and Restoration Hardware have contributed their expertise to create an unmatched atmosphere of luxury and sophistication.
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