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]
Hamptons’ highest home to hit the auction block again
New York /
Jun.June 01, 2011
09:57 AM
Related Articles
arrow_forward_ios

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

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

Full 17th floor at Sherry-Netherland asks $30 million

New listings in Manhattan, Brooklyn rise for first time in 4 months

Hamptons home prices dip, but North Fork’s hit another record

Living New York bumps Eklund-Gomes off Red Hook project
arrow_forward_ios