FOXNews.com: Designer Kate Spade lists Southampton summer home

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Designer Kate Spade lists Southampton summer home Feb 17th 2013, 12:00 It's fitting that designer Kate Spade's summer home once functioned as the boarding home for an art school. The Southampton residence, which was previously listed for $5.45 million, is now back on the market with a new price tag of $4.75 million, according to Curbed. Shinnecock Hills Summer School of Art, started in 1892 by impressionist painter William Merritt Chase, still stands today as a collection of buildings on a 2.9-acre parcel in Southampton. Coined "Art Village," the centuries-old structures are still originals, with shingled sides and leaded glass windows. The main home at 9 Studio Ln, Southampton, NY 11968, measures 6,700 square feet with 8 bedrooms and 6 bathrooms and has been updated with modern features, including a new roof, kitchen, baths, heating and electrical system, while still maintaining the original character. Nods to Spades' designs -- her line of accessories are often preppy and colorful -- can be found throughout the home, including one room with a bright blue ceiling and the dining room, which has light pink walls. The listing is held by real estate agent Lylla Carter of Saunders. A monthly payment on the property would be $17,047, assuming a 20 percent down payment on a 30-year fixed mortgage and calculated with today's mortgage rates. Related: Homes of Fashion Designers Jenna Lyons' Park Slope Townhouse Listed Vera Wang Buys Burt Reynolds' Trousdale Home Click to view original post.

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