La Dune Sells at Auction for $88.48 Million - 27 East

Real Estate News

Real Estate News / 2228641

La Dune Sells at Auction for $88.48 Million

icon 1 Photo
La Dune sold for $88.48 million at auction. SOTHEBY'S CONCIERGE AUCTIONS/GAVIN ZEIGLER

La Dune sold for $88.48 million at auction. SOTHEBY'S CONCIERGE AUCTIONS/GAVIN ZEIGLER

authorStaff Writer on Jan 29, 2024

La Dune, an oceanfront estate in Southampton Village at 366 and 376 Gin Lane, sold at auction at Sotheby’s in Manhattan on Wednesday, January 24, for $88.48 million, inclusive of a buyer’s premium.

With two residences on four acres, La Dune set the record for the most valuable property ever auctioned live at Sotheby’s. Sotheby’s Concierge Auctions conducted the auction in partnership with Harald Grant of Sotheby’s International Realty, Tim Davis of The Corcoran Group, and Cody Vichinsky, the president and founding partner of Bespoke Real Estate.

“This extraordinary oceanfront compound represents one of the finest offerings in the Hamptons,” Grant said. “It is no surprise that this auction resulted in a record sale.”

According to Sotheby’s, there were seven bidders hailing from North America and the Caribbean, and the winning bid was 121.2 percent higher than the opening bid.

“The remarkable final sale price for ‘La Dune’ reflects its stunning design, exclusive address, and historic pedigree,” said Chad Roffers, the founder and CEO of Sotheby’s Concierge Auctions. “It’s a result that our team, as the world’s leading luxury property auctioneer, is best positioned to obtain. We deal in real market value, which is ultimately measured by what a group of qualified bidders are willing to pay for a unique, one-of-a-kind piece of real estate like ‘La Dune.’”

La Dune had previously been listed for sale for $150 million. The auction came amid bankruptcy for the owner, Louise Blouin, a Canadian magazine publisher and art collector.

La Dune has 400 feet of bulkheaded shoreline, two gunite pools, a sunken all-weather tennis court, courtyards, gardens, patios and decks. The shingle-sided main residence, constructed in 1892 and said to have “links” to architect Standord White, is four stories with 11,000 square feet of living space updated to contemporary standards. It was featured prominently in Woody Allen’s 1978 film “Interiors.” The second residence, by French architect and designer François Catroux, was built in 2001.

You May Also Like:

'The Claxton House' in Sag Harbor Sells for $15,518,174

A new waterfront home in Sag Harbor that was owned and designed by interior designer ... 8 Jul 2024 by Staff Writer

Summer Reading for the Real Estate Obsessed

“Summer Rental” by Mary Kay Andrews will have you wondering if your life is going ... 4 Jul 2024 by Joseph Finora

Quogue Estate Sells for $6.9 Million

In the estate section of Quogue, a shingle-style residence with gambrel roofs recently sold for ... 2 Jul 2024 by Staff Writer

Daniels Lane 'Farm Chic' Compound Sells for $12 Million

A Sagaponack compound described as “farm chic” recently sold for $12 million — the full ... 1 Jul 2024 by Staff Writer

New Estate in Water Mill Sells for $13.4 Million

A new construction, south-of-the-highway estate in Water Mill recently sold for $13.4 million with a ... by Staff Writer

Oceanfront Quogue Property With Main House, Guest Cottage Sells for $16.65 Million

The sale of an oceanfront property in Quogue closed last week for $16.65 million. It ... 28 Jun 2024 by Staff Writer

Not for Sale: Scam Targets Vacant Land

A scam on the rise on the East End is targeting undeveloped parcels of land, ... 20 Jun 2024 by Brendan J. O’Reilly

Two New Homes Dedicated in Riverside

The Southampton Housing Authority and Habitat for Humanity of Long Island hosted a ceremony to ... 19 Jun 2024 by Dan Stark

2023's Holiday House Hamptons Sells for $11 Million

A new modern home in Bridgehampton that served as the Holiday House Hamptons showhouse in ... by Staff Writer

Builder Wins Lawsuit Against Southampton Village, Which Has Appealed

A Southampton builder has prevailed over the Village of Southampton in New York State Supreme Court, but on Friday, the village filed a notice of appeal, meaning he won’t be getting the certificate of occupancy he sought anytime soon. Builder Michael White sued the village in November 2023, telling the court that he had received a building permit to construct a new home on North Main Street and a certificate of appropriateness from the village’s Board of Architectural Review and Historic Preservation. He wrote that despite passing multiple inspections, the village has refused to conduct a final inspection and issue ... 12 Jun 2024 by Brendan J. O’Reilly