Klein, Ravitch Lay waste to their homes.
Earlier this summer, former MTA chief Richard Ravitch paid $6.5 million for ex–ImClone CEO (and Martha Stewart confidant) Sam Waksal ’s Wainscott retreat, along with a lot next door. Waksal sold the spread in 2002 for $4.55 million to a couple who changed their mind and resold it to Ravitch, who promptly tore down the house. Ravitch just married his third bride, auction-house heiress Kathy Doyle , so it’s likely he’s building a bigger and better love nest—and, unlike the MTA, he’s got a way to pay for this capital improvement. Last week, he put the unused one-acre lot on the market for $6.5 million. Elsewhere in the teardown-happy South Fork, Saturday Night Live co-producer Marci Klein is siccing a wrecking ball on the Wainscott beachfront home for which she paid $3.75 million in 2000 and had hired architect Jay Sears to design the replacement. Apparently she didn’t inherit the minimalism gene from her dad, Calvin : Sears’s vision was, a source says, “too modern,” and so she tossed him, and now she’s back to the drawing board.
—S. Jhoanna Robledo