Grey Gardens bought for $220,000 later sold for $15.5 million

In 1979, Sally Quinn and Ben Bradlee purchased the Grey Gardens estate for $220,000. Following an extensive restoration process, the property maintained its status as a cultural landmark associated with the Beale family. The estate was subsequently sold in December 2017 for $15.5 million.

The transaction is characterized as a significant event for historic preservation. The property's appreciation in value and final sale price reflect a sustained public and market interest in the estate's historical and cultural legacy.