This $150 Million Property Is Trying To Find A Buyer Again

What does it take to sell a multi-million dollar home in the Hamptons? In the case of this $150 million list, the time seems to have come.

The sprawling Southampton complex has been on and off the market since 2016 – and if it were to trade at its fantastic price, it would smash an all-time record in the Tony East End.

The estate has an area of ​​21,000 square feet, 4.2 acres on the ocean and is known as no debts It boasts a sunken tennis court, two swimming pools, and two homes with 19 bedrooms and over 16 bathrooms – all located in two adjacent lots that boast more than 400 feet of beachfront bulkhead between them.

“This house is far from being demolished, but if the house wasn’t here, this piece on its own, each house would be worth $50 million,” said listing broker Sean Elliott of Nest Seekers — who holds the list with Jeff Jeffkins — He told CNBC of the expansion property, which was re-listed in August at the current ticket price.

The outlet added that other than the price differential that has struggled to sell over the years, the potential pool of buyers is limited — and nine-figure sales in the Hamptons are scarce. “You really are on the 50-yard line for nothing but wealth,” Elliott later added, with the property standing on the very exclusive Jin Lin.

Regarding the big asking price, Elliott told CNBC it’s not for the sake of interest.

“I think this is, 100%, a very realistic price point to attract buyers in this market,” he added.

Homeowner, art magazine publisher, and collector Louise Bleuen first listed the property for $140 million with a different broker in 2016.

At the time, there were no acceptors – but the property was available over the years as a summer rental. CNBC adds that staying there for one month this year will cost $1.2 million.

However, over the course of those years, Bloen faced other problems.

CNBC notes that it has faced potential foreclosure and bankruptcy actions to maintain control of the estate. In August, it brought the offer back to market for that higher amount.

The current trophy holder for the most expensive sale in the Hamptons is $137 million. This was set in 2014 and was a sale of three contiguous lots spanning 16 acres in East Hampton. CNBC added that only five Hamptons homes in history have gone for more than $100 million, according to Jonathan Miller, president of real estate appraisal firm Samuel Miller.