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Former Lehman Brothers CFO Lists East Hampton Estate, Again

This is the third time since the fall of Lehman Brothers that Erin Callan has tried to unload 7-bedroom house.

Former Lehman Brothers' CFO Erin Callan has listed her East Hampton Village home on the market — yet again — according to Curbed Hamptons

The 1912 Joseph Greenleaf Thorpe-designed house is back on the market for $3.95 million.

Saunders Real Estate describes the 7 bedroom, 5,500 square feet gambrel-style house as being recently renovated with "elegant panelling and molding thoroughout," harmonizing the original home and new additions. There is a "grand staircase to second floor sleeping chambers," a professional kitchen, informal dining area, formal dining room, and bay windows overlook the rose garden. It also includes a heated gunite pool and 2 acres of expansive lawns and garden vineyards.

After Lehman Brothers collapsed in 2008, Callan listed the house for $3.75, but it was pulled off the market a month later, according to CNBC. In February 2009, it was listed for $3.95, and the price dropped to $3.6 million, only to be taken off the market three months later, CNBC reported. 

For more photographs on Curbed Hamptons click here.

Will it sell this time? 

Oliver November 08, 2012 at 12:13 AM
An example of the excesses enjoyed by thieves/gamblers.

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