Hamptons’ highest home to hit the auction block again

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
Steven James and Brad Loe
Elliman’s NYC CEO Steven James jumps to Berkshire’s HomeServices
Elliman’s NYC CEO Steven James jumps to Berkshire’s HomeServices
Douglas Elliman chairman Howard Lorber (Getty, iStock, Illustration by Kevin Rebong for The Real Deal)
Elliman’s property management arm suffers data breach
Elliman’s property management arm suffers data breach
Photo illustration of Fredrik Eklund and Dottie Herman (iStock, Getty)
Douglas Elliman expands into tight Texas housing market
Douglas Elliman expands into tight Texas housing market
Greenwich, CT closed 200 transactions in the first quarter. (Getty)
Greenwich home sales double and hit 16-year high countywide
Greenwich home sales double and hit 16-year high countywide
Christopher Riccio
Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
arrow_forward_ios

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

Loading...