Page Six has exclusively learned about acquiring a historic Hamptons property near her current Southampton property.
According to East End sources, Koch, who is New York''s richest lady, bought the house for $75 million at a discounted rate.
The eight-acre estate features 500 feet of beach frontage and a total of 15 bedrooms. It was originally owned by Julia Vance Carter in the 1920s.
According to one source, the property was a 22,000-square-foot Tudor-style fixerupper when it was on the market last year.
Page Six is told by an insider that Koch intends to restore the historic property, but that any ideas are in the early stages, and that it may be required to take time to process paperwork.
The property is unique and unique, according to a source who owns it. It was her neighbor''s home for decades and was in a state of turmoil. Theyre in the early stages of exploring different options [for restoration] and that might be years away.
Another source claims that the property might actually be a base for Kochs three grown children and their families to live there.
According to a source, people are just unable to use the house just away.
A listing claims that the house in its current configuration also includes a staff wing, a separate cottage for guests, a gym, tennis courts, game rooms, and a 48-foot pool.
Koch already owns a $18 million home on the Billionaire Lane in Southampton, where residents include Calvin Klein, Leon Black, Aby Rosen, Ian Schrager, and Jay Sugarman.
Reps did not respond to requests.
Koch, 60, and her late husband, David Koch, previously restored a unique property that longed to their Palm Beach, Fla., house. In 2008, the family received an architectural award: the Ballinger Award for restoration or rehabilitation of a landmarkedestate or public space.
Julia was previously told that Peter Marino, star designer of Upper East Side, was working on her $40 million townhouse purchased in 2018.