The most expensive home for sale in the region is an oceanfront estate inSouthampton.
The compound, called La Dune, is likely to be used as a summer home for a small group of wealthy buyers. $100 million-plus sales are rare in the Hamptons.
La Dune is a four-acre area with two homes, two swimming pools and a sunken tennis court.
It has been difficult to find a buyer for the compound, which has a main residence built more than 100 years ago and a second home built in the 2000s.
The pair of beachfront homes with two pools and a tennis court in the foreground of the photo are the La Dune estate.If the house wasn't here, each one of them would be worth $50 million.
La Dune's price isn't just designed to grab attention.
"I believe this is a very realistic price point to attract buyers in this market place," saidElliott, who co-lists the home.
Aerial view of the La Dune estate from over the ocean.The estate is located on a large swath of beachfront along Gin Lane. It is one of the most exclusive areas in the world.
When it comes to real estate, location, location, is not a cliché. You are on the line of nothing but wealth.
La Dune was put up for sale in 2016 at an asking price of 140 million dollars. There was no one who would take it at the time.
The residence has been listed as a summer rental many times. A one-month stay would cost you more than one million dollars.
The main home’s third-floor primary suite delivers impressive ocean views.The home has been on and off the market since 2016 and has been the subject of potential foreclosure and bankruptcy court proceedings.
She raised the asking price for La Dune to $150 million after re-listing it.
If the team at Nest Seekers is able to get close to what their client wants, it will set a new record.
A living room in the main residence.According to Jonathan Miller, president of the real estate appraisal and consulting company Miller Samuel, only five compounds have ever sold for more than 100 million dollars.
The all-time record is still held by the sale of three separate but contiguous lots in EastHampton that sold for $137 million.
According to public records, the two most recent 9-figure deals were both in Water Mill, a hamlet in the Town ofSouthampton.
The 42-acre Fordune estate sold in 2021 for a record-breaking $105 million.The mega-sale of a 42-acre oceanfront estate known as Fordune was the first. The former Ford family estate was originally listed for $175 million and sat on the market for almost four years before selling for $105 million in 2021.
The quiet off-market purchase of 70 Cobb Road was the largest sale in the world in 2022. The compound was made up of four separate lots and was located on a creek. Two homes delivered more than 30,000 square feet of living space. The mega-deal is the second highest sale of all time.
The Atlantic ocean offers a stunning backdrop for a pair of mansions for sale on Gin Lane in Southampton.There is a compound vying for a spot among the short list of summer homes that have sold for over 100 million dollars.
A sitting room in La Dune’s family home.There are two homes with 21,000 square feet of living space in the La Dune compound.
Gravel drive leading to the main house at 376 Gin Lane.The main residence is more than 11,000 square feet and is four stories high.
The second residence at the La Dune estate includes its own swimming pool.One of the primary suites on the second floor of the family home.There are 19 bedrooms in the pair of mansions.
Library in the estate’s second residenceA gym, steam room, bar, billiards room and home theater are included in the lowest level of the family home.
The family kitchen in the main residence is one of several kitchens across the estate.A large staff kitchen is located on the first floor of the main house. The family kitchen is on the other floor.
The main home’s swimming pool is flanked by two bars and white collumns.She told CNBC that she and her children spend most of their time in Europe.
Deck and stairway leading to a 400 ft stretch of sand on Southampton’s exclusive beachfront.Property taxes on the two lots that make up the La Dune compound amount to almost $130,000 a year.