The house sits on 2.8 hectares (seven acres) of land, just blocks from the Atlantic Ocean and was originally listed for US$55 million, according to media reports.

It was designed by architect Arthur C. Jackson, completed in 1917, and includes an eight-bedroom main home featuring tall casement windows and beamed ceilings.

The compound also includes a two-bedroom guest house, caretaker’s cottage, pool house and three-car garage with a workshop, along with a flower meadow.

Zander bought the property from former Coach creative director Reed Krakoff and his wife Delphine for US$20 million in 2006, according to W magazine.

It was recently restored by its current owner, with the main house feature 8,500 sq ft of Pierre Yovanovitch-designed living space.

Back in the 1920s, the property was known as Lasata – a Native American word meaning “Place of Peace” – and owned by the former first lady’s paternal grandfather John Vernou Bouvier Jr.The home is believed to be where Onassis, who has a Gucci handbag named after her, would often spend her summers as a child, as reported by The Wall Street Journal.

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