This dreamy $16M townhouse is (obviously) owned by a founding member of Kate Spade

It has over 5,000 square feet, with eight bedrooms and five bathrooms

The living room at 215 East 12th Street
The living room at 215 East 12th Street

From Luxury Listings NYC: When you dream about your perfect life, chances are it looks a whole lot like a Kate Spade ad: quirky, but polished, brightly colored, simple, clean, beautiful.

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That is exactly how we would describe this townhouse, owned by Pamela Bell, one of the four founding members of the Kate Spade brand. Located at 215 East 12th Street, the home was featured in the New York Times Home section in 2008. [more]