The renowned Hamptons estate 'La Dune' has been sold at auction on Wednesday for $88.5 million, a significant drop from its original listing price of $150 million. The property, known for being the most expensive listing in the Hamptons, had been on and off the market since 2016. It eventually fell into bankruptcy before being auctioned. The buyer, recognized for constructing luxury homes in the Hamptons, secured the estate for less than the $90 million mark. The sale of 'La Dune' represents a notable event in the luxury real estate market, reflecting both the estate's prestige and the changing dynamics of property auctions.
The property, once the most expensive listing the Hamptons, had been on and off the market since 2016. It was once listed for $150 million before falling into bankruptcy, and was sold at auction for $88.5 million https://t.co/6on0gJK8jm
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. @robtfrank has the details: https://t.co/99NtwdnSPL https://t.co/LIJFGKqLZf
The Hamptons' priciest estate sells at auction for $88.5 million https://t.co/tnqdGyZrR7 https://t.co/RDnP3C8Oel
Hamptons mansion once listed at $150 million sells for less than $90 million https://t.co/IcUvqdW2ZB
Hamptons mansion once listed for $150 million sells at auction for less than $90 million https://t.co/mqYqRl37Yi
La Dune, an oceanfront Hamptons estate that was listed for $150 million in 2022, is set to be sold for $79 million after an unknown buyer agreed to pay that amount at auction https://t.co/84KxJGJwGe https://t.co/84KxJGJwGe
This grand Hamptons estate once asked $150M — and just sold at auction for $79M https://t.co/EtuFEOEmpN https://t.co/VWAOWNEE9p
The buyer is known for building luxury homes in the Hamptons. https://t.co/DqkJgr0QbW
The famous Hamptons estate known as “La Dune” is headed to the auction block. More details: https://t.co/9HCsBtRINR https://t.co/D8e5vKReXW
“You see that guy? Always buys high and sells low. I bought a new house in Hamptons thanks to him. Legend.” https://t.co/buiW7ZSmGd