Erin Callan, the former chief financial officer of Lehman Brothers, is headed for warmer climes.
She is looking to sell her East Hampton house for $3.95 million, according to a listing with the real estate broker Saunders. The gambrel-roof house, where Ms. Callan has lived with her husband, Anthony Montella, has been a de facto hideaway since the former executive all but disappeared from view after the financial crisis.
She now plans to live in Florida, where she recently bought a modest house.
“This is a big house to have when it’s not a full-time house,” Ms. Callan said in a phone interview with DealBook on Thursday. “We really wanted to think about down-sizing.”
Ms. Callan, who had a stint at Credit Suisse after Lehman spiraled downward, has kept a low profile. Her wedding to Mr. Montella last November was an intimate affair. In the interview on Thursday, she declined to comment further on any future plans.
Ms. Callan has put the house on the market previously, in 2008 and again in 2009, but ultimately decided against selling, as Mr. Montella’s children were in school in the area. Now, with Mr. Montella’s daughter having left for college, his son plans to complete his last year of high school down in Florida, Ms. Callan said.
The current asking price is just above the $3.93 million paid by Ms. Callan and her then-husband in 2005.
The seven-bedroom, four-and-a-half-bathroom house, designed by Joseph Greenleaf Thorpe in 1912, has been “lovingly renovated to impeccable standards,” according to the listing, and it includes “bay windows overlooking the rose garden and multiple French doors that open to covered open air dining porches and patios.” In addition, the listing says that a “pre-existing barn/garage and landscape and moon lighting provide both depth and charm.” (The listing was noticed earlier by the blog Curbed.)
An open house for real estate brokers is scheduled for Thursday afternoon, and a showing for prospective buyers is planned for Columbus Day weekend.