An oceanfront estate in Southampton, outlined at $150 million, stands as the priciest dwelling for sale in the Hamptons — and is struggling to transfer off the current market.
The compound, referred to as La Dune, is very likely to be employed as a summer season residence and attracts from a very small pool of customers, almost certainly billionaires, who could afford to pay for to foot the bill. Even in the Hamptons, $100-million-in addition profits are couple and significantly in between.
La Dune, named following the sandy dune it sits at the rear of, spans about four acres throughout two adjacent a lot with two properties, two swimming pools and a sunken tennis court docket.
It has not been uncomplicated to find a consumer for the sprawling compound, which incorporates a typical Hamptons-fashion shingled primary residence, at first built more than 100 several years back, and a next residence on the adjacent good deal, created in the early 2000s.
The pair of beachfront properties with two swimming pools and a tennis court docket in the foreground of the picture are the La Dune estate.
“This house is the furthest detail from a tear-down, but if the dwelling wasn’t here, this whole lot by yourself, every single a person of them would be truly worth $50 million,” listing agent Shawn Elliott of Nest Seekers instructed CNBC.
And Elliott promises La Dune’s price isn’t really just created to seize headlines.
“I believe this is, 100%, a pretty practical price place to draw in prospective buyers in this market,” claimed Elliott, who co-lists the household with Geoff Gifkins.
Aerial watch of the La Dune estate from around the ocean.
The estate is situated on 400-in addition feet of tremendous-key beachfront along Gin Lane, occasionally referred to as “billionaire’s beach.” It is one particular of the most special strips of white sand in the world.
“In true estate we constantly know it’s site, locale, area that is not a cliche,” Elliott reported. “You are truly on the 50-yard line of nothing but wealth.”
Back in 2016 La Dune’s proprietor, artwork magazine publisher and collector Louise Blouin, place the estate on the industry with Sotheby’s Worldwide at an inquiring price tag of $140 million. At the time, there were no takers.
More than the yrs, the residence has been stated as a summer time rental. This 12 months a a person-thirty day period continue to be would established you again $1.2 million.
The main home’s third-flooring major suite provides amazing ocean views.
Considering that 2016, the home’s been on and off the marketplace, and Blouin has reportedly confronted a probable foreclosure and bankruptcy court docket proceedings to preserve control of the compound.
She relisted La Dune in August with a new brokerage company and raised the request to $150 million.
If the group at Nest Seekers gets wherever around what their client desires for the compound, it will crack an all-time record in the Hamptons.
A dwelling area in the principal home.
In accordance to public data analyzed by Jonathan Miller, president of the true estate appraisal and consulting corporation Miller Samuel, only five compounds have at any time sold for far more than $100 million in the Hamptons.
The all-time file is even now held by the 2014 sale of three independent but contiguous heaps spanning 16 acres located at 60-64 Further more Lane in East Hampton that traded for $137 million.
The two most new 9-figure discounts, according to public information, have been the two in H2o Mill, a hamlet also in the Town of Southampton about two miles east of La Dune.
The 42-acre Fordune estate marketed in 2021 for a record-breaking $105 million.
Very first came the mega-sale of a 42-acre, 20,000-sq.-foot oceanfront estate known as Fordune, positioned at 90 Jule Pond Push. The previous Ford family estate was originally stated for $175 million in 2017 and sat on the market for almost 4 yrs just before providing for $105 million in 2021, a 40% low cost but still an all-time document for single-large amount houses in the Hamptons.
In 2022, an even even larger sale eclipsed that 1 in the quiet off-industry order of 70 Cobb Road, recorded at $118 million. That compound, which sits on a creek somewhat than the ocean, was composed of 4 contiguous a lot spanning about 21 acres. The sale provided two properties that alongside one another delivered a lot more than 32,000 square ft of dwelling space. The mega-deal remains the Hamptons’ 2nd-optimum sale of all time.
The Atlantic Ocean offers a stunning backdrop for a pair of mansions for sale on Gin Lane in Southampton.
Here is a nearer glance at the latest compound vying for a place among the shorter checklist of summer time households that have marketed for more than $100 million:
A sitting place in La Dune’s spouse and children household.
The La Dune compound spans four acres with 21,000 sq. feet of dwelling space throughout two homes, according to the listing.
Gravel drive primary to the main household at 376 Gin Lane.
The four-tale major home, located at 366 Gin Lane, is additional than 11,000 square ft.
The next residence at the La Dune estate features its personal swimming pool.
The a few-story 2nd house at 376 Gin Lane, which proprietor Blouin refers to as the “spouse and children home,” is much more than 9,600 square feet.
One of the key suites on the next floor of the family dwelling.
The pair of mansions consists of a full of 19 bedrooms and 16 baths.
Library in the estate’s second home.
The lowest degree of the so-termed relatives household features a gymnasium, steam place, bar, billiards place and household theater.
House theater in the second home.
The household kitchen area in the principal residence is a single of numerous kitchens across the estate.
There are several kitchens on the estate including a significant employees kitchen area for catering gatherings on the 1st floor of the main dwelling. There’s also a extra modest household kitchen area, one particular ground previously mentioned it.
The major home’s swimming pool is flanked by two bars and white columns.
Blouin told CNBC she’s providing her Hamptons property in portion due to the fact she and her children shell out most of their time in Europe — not in Southampton.
Deck and stairway major to a 400-foot extend of sand on Southampton’s special beachfront.
According to general public records, house taxes throughout both of those plenty that form the La Dune compound overall just about $130,000 per yr.