Designer Tory Burch’s Southampton home on the market for $17.9M

Following her October purchase of a 25-room Georgian mansion in Southampton, womenswear designer Tory Burch is looking to trade in her oceanfront contemporary home, now on the market for $17.9 million. The 6,000-square-foot home, set on 4.5 acres on Meadow Lane, also in Southampton, has six bedrooms, a pool and 200 feet of ocean frontage. Burch bought the property for $22.5 million from her ex-husband in July 2008 and has received approval from the town to tear down the home and rebuild a larger one in its place. While that plan hasn’t materialized for Burch, the property’s new owners would still be able to take advantage of the approved proposal for a new house if they choose. [WSJ]