Hamptons’ highest home to hit the auction block again

TRD New York /
Jun.June 01, 2011 09:57 AM

A Zen Buddhist-inspired Water Mill mansion that sits at the highest point in the Hamptons, and that drew no bids when it went up for auction last year, is making another attempt later this month. The 12,000-square-foot home, which once had an asking price of $30 million, belongs to Japanese architect Setsuo Ito, who also designed it. Located on nine inland acres on Bridgehampton’s Noyack Path, it has a 40-foot-tall glass pyramid, waterfall pool and spa, and views of the Atlantic Ocean and Peconic Bay. Last year, Jacky Teplitzky of Prudential Douglas Elliman had listed the house for $10.995 million before the unsuccessful auction, which had no minimum bid. This time around, J. Sugarman Auction Corp. will not disclose the reserve price for the property, though bidders must pony up a refundable $50,000 cashier’s check in advance of the June 26 event. In addition, Ito plans to donate 10 percent of the sale’s proceeds to the Japan Rescue Foundation. [Crain’s]


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(iStock)

Manhattan apartment vacancy smashes 5% barrier

Manhattan apartment vacancy smashes 5% barrier
(iStock)

Suburban housing market surged in August while Manhattan trailed

Suburban housing market surged in August while Manhattan trailed
Douglas Elliman chairman Howard Lorber (Lorber by Chip Somodevilla/Getty Images; iStock)

Douglas Elliman’s New York revenues fall by half

Douglas Elliman’s New York revenues fall by half
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
David Simon and 625 Park Avenue (Getty, Google Maps)

Mall magnate David Simon lists Park Ave pad for $33M

Mall magnate David Simon lists Park Ave pad for $33M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...