The property had been valued at US$20 million.
Lauren reportedly already owns the properties on either side of the former home of the American dramatist, best known for plays including 1962’s Who’s Afraid of Virginia Woolf?, who died at the property, aged 88, in 2016.
Albee had lived in the house on and off for more than 50 years and wrote many of his plays there, the property agent, Mansion Global, said.
Proceeds from the sale will benefit the Edward Albee Foundation, which supports writers and artists through its residency programme, property company Douglas Elliman said.
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Check out the Hamptons property, which includes a main house, guest house and 200 feet (60 metres) of oceanfront.
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The Montauk house is situated at the east end of the Long Island peninsula.
Lauren has already bought the homes and land on each side of the beachside property, which sits on 2.83 acres (1.14 hectares) of land.
The four-bedroom home, which has fine views of the sea, has three full bathrooms and two half-bathrooms.
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Albee wrote many of his plays, including 1975’s Pulitzer Prize-winning Seascape, in the second-floor study that overlooks the beach.
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The home, which has stone, wood, and tile floors, is modest yet charming.
Albee bought the home in the 1960s and lived in it on and off until his death.
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In addition to the 2,100-square-foot (195-square-metre) main house, the property includes a guest house, tennis court, swimming pool and pool house.
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This article originally appeared on Business Insider.
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