Mr. Geffen had planned to renovate the compound, but instead purchased the nearby property for $70 million last March, they added. Months after purchasing a nearby oceanfront property, entertainment mogul David Geffen has sold his 5½-acre East Hampton estate for $67.3 million, according to people with knowledge of the transaction. Mr. Geffen couldn’t be... The Georgica Pond estate wasn’t officially on the market, these people said.

Source: Wall Street Journal June 21, 2016 14:29 UTC