Makeup mogul Adrien Arpel has parted ways with her Southampton estate at a discounted $21 million, according to Real Estate Weekly.
The nearly 10-acre estate has a 7,500-square-foot main home that Arpel and her late husband Ronald Newman built in 2002. Mark J. Baron with Saunders & Associates had the listing. The buyer is unknown and represented by Sotheby’s International Realty.
Arpel first listed the property in 2018 for $38 million and dropped the price to $30 million last year.
The coronavirus pandemic has fueled a seller’s market on the East End. The number of Hamptons deals in July was up 120 percent year-over-year with sales between $1 million and $10 million increasing the most. But the luxury home market is still not back to where it was in the heady days of 2015. [REW] — Dennis Lynch