Trending
Southampton’s La Dune estate heads to auction
366 & 376 Gin Lane asked $150M before owner’s bankruptcy
A photo illustration of Louise Blouin and Southampton’s La Dune estate (Getty, Sotheby’s International Real Estate)
Louise Blouin’s sprawling Southampton compound is headed for auction.
It’s the Canadian art magazine publisher’s latest attempt to offload her oceanfront estate at 366 and 376 Gin Lane — once the Hamptons’ most expensive listing when it asked $150 million earlier this year, the New York Post first reported.
“All the stakeholders are aligned. There will be a new owner on Jan. 24,” Concierge Auctions CEO Chad Roffers said of the property, which has drifted on and off the market since 2016.
Bidding for the four-acre property on Gin Lane will begin on Jan. 10 and end on Jan. 24 with no minimum bid required. The auction, coordinated by Concierge Auctions, is part of Sotheby’s “Visions of America” event on the Upper East Side. Bidders will be required to pay a $500,000 deposit.
The compound — including two homes, two pools and a tennis court — first hit the market in 2016 with a $140 million asking price. Blouin later pulled the property off the market and re-listed it multiple times, even once offering it as a rental for $1 million a month.
The estate hit the market once again last month, advertised as “price upon request.” Blouin brought in three of the Hamptons’ top brokers, including Sotheby International Real Estate’s Harald Grant, Corcoran’s Tim Davis and Bespoke’s Cody Vichinsky.
“I don’t have a Pollyanna view of La Dune, that we’re all of a sudden going to get a buyer for $150 million,” Davis said when the estate re-entered the market in November. At the time, he said he believed the team would close a deal north of $100 million.
Blouin bought La Dune for $13.5 million in the 1990s and has since faced a host of financial issues, including a loan balance that swelled to $40 million and multiple bankruptcy filings to avoid foreclosure.
La Dune joins other prominent Hamptons properties that ended up on the auction block, including Chris Whittle’s former debt-ridden East Hampton estate. The 11-acre property, known as Briar Patch, was sold to an unknown bidder for an undisclosed price in July after previously scheduled auctions were canceled.
This article has been updated to reflect the estate’s adjusted auction date.