A prominent Hamptons estate, known as La Dune, has been sold at auction for $88.5 million, a notable decline from its initial listing price of $150 million. The four-acre property in Southampton, New York, was auctioned by Concierge Auctions, with a starting bid of $66 million. The sale, which comprises two houses on the estate, saw one residence sold for $40.5 million and the other for $38.5 million, with the buyer premium bringing the total to $88.5 million.<\/p>\n
La Dune, recognized for its appearance in Woody Allen\u2019s film \u201cInteriors,\u201d had a tumultuous history on the real estate market. Initially listed in 2016, the property experienced several on-and-off-market cycles. In 2022, it was re-listed at $150 million before encountering financial challenges that led to Chapter 11 bankruptcy.<\/p>\n
The estate, situated on Gin Lane and once owned by Louise Blouin, features two mansions boasting a total of 23 bedrooms, two pools, a sunken tennis court, a home theater, spa, sauna, and two gyms. With 400 feet of oceanfront and lush landscaping, La Dune was a coveted property despite its financial woes.<\/p>\n
Louise Blouin, a Canadian art magazine publisher, purchased the estate in the 1990s for $13.5 million. Facing financial difficulties, including loans totaling $40 million on the property, Blouin filed for Chapter 11 bankruptcy last year to prevent foreclosure.<\/p>\n
Despite a slowdown in Hamptons real estate sales in 2023 due to limited inventory, the high-end market maintained strength, with notable sales of properties exceeding $50 million. La Dune\u2019s auction adds to Concierge Auctions\u2019 track record, following the $141 million auction of an estate in the Los Angeles area in 2022.<\/p>\n
The sale of La Dune is contingent on approval from the bankruptcy court, marking a significant chapter in the property\u2019s storied real estate journey.<\/p>\n","protected":false},"excerpt":{"rendered":"
Once Listed for $150 Million, the Southampton Mansion Finds a Buyer Amidst Bankruptcy Proceedings<\/p>\n","protected":false},"author":331,"featured_media":28752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79],"tags":[9319,9320,6819],"class_list":["post-28788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto","tag-hamptons","tag-house-sales","tag-houses"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/28788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/331"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=28788"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/28788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/28752"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=28788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=28788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=28788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}