Retired Lehman executive Jack L. Rivkin has gone into contract on his six-bedroom home in East Hampton, according to the Sotheby’s International Realty website.

The 1.86-acre property hit the market for $31 million in early 2009, and is currently listed at $26 million.

The 7,000-square-foot house has 7 ½ baths, a gym, a heated pool with a pool house and a bowling alley. The property comes with private deeded access to the beach, and there’s also a renovated English barn that dates to the 1600s.

In 2008, Rivkin stepped down executive as vice president, chief investment officer and head of private asset management at Neuberger Berman, then a Lehman Brothers company. He now sits on the the board of directors of Idealab in California.

Sotheby’s Kathy Konzet is the listing agent.

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