The sprawling Double Month, just off the ocean in Southampton, New York, is currently listed for $150 million, but is struggling to find a buyer.
Named La Dune for the sand dunes behind it, the stunning mansion is owned by controversial Canadian art magazine publisher and collector Louise Bruin, 63. An exclusive summer enclave.
However, this is not the first time La Dune has hit the market. This spectacular property went public for $145 million in 2016 and again in 2019 for $110 million. In neither case was a new owner found.
A palatial Southampton estate called La Dune is currently listed for $150 million.If it sells for that number, or close to it, it will be the single highest home sale ever made in Tony’s Summer Enclave.
The property, which includes two large homes, two swimming pools, tennis courts and access to a desirable seaside beach, is owned by controversial art collector and former magazine publisher Louise Brouhan.
The home features custom features such as dark polished wood floors, white interiors, French doors, coffered ceilings and transom windows.
Famously, Blouin took La Dune off the market in 2016 when her name was listed in the Panama Papers.
Instead, she decided to rent a fancy house for $1 million a month for the summer. This year, a one-month stay cost her $1.2 million.
Property taxes alone are estimated at about $130,000 annually.
Set on just over four acres, the property has two separate residences protected by a hedge lawn.
There are two pools, a sunken all-weather tennis court, and a security gate that opens onto a wide gravel road.
The main building has four floors and features a gym, cinema and sauna.
The second house was designed to look just like the others, also including dark glossy wood floors and a mostly white interior with detailed moldings, coffered ceilings and French doors. It is
The property includes a 400ft bulkhead beachfront. Between the two homes, La Dune boasts his 22,000-square-foot interior. Combined, the pair includes a total of 19 bedrooms and 16 bathrooms.
The main building was built in 1897, and a guest house was added in 2002.
Bruin said CNBC She and her children spend most of their time in Europe, which is why she’s selling (or at least trying to) sell her Hampton home.
However, there may be other economic considerations.
La Dune was scheduled to hit a foreclosure auction block this May before landing in bankruptcy court, according to reports. bloomberg.
One of the homes that make up La Dune was found strapped in foreclosure proceedings due to a $26 million outstanding mortgage that ballooned to $40 million in recent years.
Other houses are also default.
La Dune sits on 4.2 acres and consists of 22,000 square feet of interior space between two homes.Six years after it hit the market, there was limited interest from buyers, even though realtors say the home is priced appropriately.
Louise Bruin, a wealthy Canadian former art magazine publisher and current collector, has been unable to move her duplex mansion for at least six years. says he spends most of his time in Europe
Blouin was listed in the 2016 Panama Papers as part of a global elite that moved millions of dollars to the British Virgin Islands.At the time she took La Dune off the market
Blouin says she wants to let go of the gorgeous Hamptons estate because she and her children spend most of their time in Europe, but the foreclosure documents mean she’s been struggling to keep up the mortgage for several years. indicates that
Blouin reportedly approved a bankruptcy filing for the property just two days before the foreclosure auction was scheduled. Such signatures typically thwart the lender’s efforts to collect outstanding debts.
The buyer market in places like La Dune is very small, made up of billionaires and their relatives.
Even in the Hamptons, the $100 million price tag raises eyebrows and puffs out the eyes.
Nest Seekers International’s listing agent, Shawn Elliott, said La Dune’s listing price is commensurate with its value, despite the huge price tag.
“I think this is 100% a very realistic price to attract buyers in this market.
“This house is the furthest from demolition, but if the house wasn’t here, this lot alone would be worth $50 million each,” he said.
Emphasizing the eternal truths of real estate procurement. Place, place, place,” Elliott said.
Nest Seekers is the latest high-end company to list La Dune. The property was previously listed on Sotheby’s International Realty.
Currently, the all-time record for the most expensive compound sold in Hamptons history is the sale of three consecutive lots spanning 16 acres in East Hampton for $137 million in 2014.
In 2017, the 42-acre former Ford family estate on Jules Pond Drive was sold for $105 million.