R
ick and Kathy Hilton have put their Hamptons vacation home up for sale after 25 years of ownership. The property, located at 9 Fordune Drive in Southampton, New York, was listed for $15 million in February but has since had its price reduced to $11 million. Despite the price cuts, the ultimate sale price and identity of the buyer remain unknown.

    The couple purchased the six-bedroom home in 1999 for $2.4 million and used it as a getaway from their life in New York City. Over the years, the home has been available for rent on several occasions, with some rentals commanding six-figure monthly prices.

    Built in the 1990s, the shingle-style home features three wood-burning fireplaces, a library, and a formal dining room. The Hiltons updated the home six years ago. The estate also boasts a gunite swimming pool, an outdoor dining pavilion, and multiple terraces. Ownership of the property includes deeded access to Fowlers Beach, which is within walking distance of the estate.

    Corcoran's Jared Seligman holds the listing for the property. Rick Hilton, co-founder of Hilton & Hyland and Hilton & Hilton brokerages, has hosted family vacations at the estate as recently as 2019. However, since the couple moved to Los Angeles in the 2000s, the property has seen decreased use. Kathy Hilton has appeared as a cast member on "The Real Housewives of Beverly Hills."

    The sale of the Hamptons home is part of a selling spree for the Hiltons, who recently offloaded a spec mansion in Bel-Air for $25 million. Chinese billionaire Zong Qinghou secured a significant discount on the purchase, as the mansion was initially listed for $55 million.