Log In   ·   Become A Member
http://www.hamptons.com/gallery/ads/1157.gif

Vince Camuto's $75 Million Hamptons Real Estate Record-Breaking Sale

Nicole B. Brewer

  |   4 Comments · Print Article

Had you won the recent Mega Millions jackpot, Vince Camuto's $75 million grand estate on Gin Lane in Southampton would have made a nice little summer cottage in the Hamptons. (Photo: Chris Foster)

Nine West founder and shoe designer, Vince Camuto, is breaking Hamptons real estate records with the sale of his $75 million Southampton estate. Originally listed for a mere $45 million, the addition of 8-acres upped the ante for oceanfront property on Gin Lane.

In July, Camuto listed the 10,000 square-foot property - the sprawling Wooldon Manor owned in the past by members of the Woolworth dynasty and Edmund C. Lynch, founding partner of Merrill Lynch - nestled on the beach and adjacent to Lake Agawam in Southampton's tony Estate Section with both the Corcoran Group and Sotheby's International Realty.

Hamptons luxury real estate specialist Tim Davis of The Corcoran Group, who was not only the co-listing broker for the property but represented the purchaser as well recently told Forbes that, "The price spike was due to incorporating an additional nearly 8 acres of property." Not only would this sale break records in the Hamptons, where multi-million dollar price tags are de rigueur, the Camuto property would join the year's list, as curated by Forbes, of the year's most expensive home purchases tied at the #1 spot with Howard Marks', of Oaktree, Malibu Estate.

The finer details: not including the additional 8-acres the home sits on 5.14 acres and includes 472 feet of prime oceanfront.

We hear from a Sotheby's spokesman that a confidentiality agreement prevents the firm from discussing the sale however it is being reported that a New York couple purchased the property. Let the speculation begin!


Nicole, an award-winning journalist, is Executive Editor & Publisher of Hamptons.com where she focuses on celebrity interviews, fine living and design, social events, fashion and beauty. She lives on the North Fork with her husband, their two daughters, and Bernese Mountain dog, Cooper. www.hamptons.com HamptonsOnline NicoleBBrewer NicoleBBrewer NicoleBBrewer




Related Articles:

Guest (howard banks) from boca raton,florida says::
poor Vince,he is homeless now.
Feb 25, 2014 6:43 pm

Guest from shelter island says::
It will be interesting to see how the new owners deal with the massive erosion problem at that site. It seems something needs to be done soon.
Jan 7, 2014 10:48 am

Guest (Frank) from Bridgehampton says::
If the purchaser merges the two properties then it is a record for one parcel of property. If it remains two parcels of property, the Barons on Further Lane, East Hampton retains the record at $101 Million.
Dec 23, 2013 6:50 pm

Guest from Southampton says::
The couple is not from New York ..They are from Florida
Dec 23, 2013 2:09 pm

 

Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
Location:*
Comments:*
* Comments will be reviewed and posted in a timely fashion
* All fields are required
Question:*
What color is a banana?
(For spam prevention, thanks)
 
 
 
http://www.hamptons.com/gallery/ads/1103.gif
http://www.hamptons.com/gallery/ads/1661.gif
http://www.hamptons.com/gallery/ads/1453.gif
http://www.hamptons.com/gallery/ads/1174.gif
Mala Sander
Mala Sander is a consummate real estate professional specializing in high-end sales and rentals throughout the Hamptons. Whether you’re seeking a luxury waterfront home or wonderful residence right in town, she knows the area’s diverse inventory inside out and how to match it with your unique needs.

Hampton Hills Country Club
One of the most pristine and challenging courses in the Hamptons. Click here for more info!

Ride The Legend!
From Manhattan to Montauk and the North Fork, The Hampton Jitney is the only way to go in style and class. Click here to make a reservation!

Meg Salem-Saunders Real Estate
My Bio Broker Profile PDF Meg Salem's quick success in real estate speaks to her winning combination of strategic analysis of the market and insider knowledge of the Hamptons. Her skills honed during 17 years as a business development and marketing executive with such Blue Chip companies as Proctor and Gamble equipped her with an arsenal of keen negotiating skills, innovative marketing plans, and a seasoned sixth sense of what it takes to close the deal.

East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Guild Hall
The John Drew Theater stage provides dramatic, comedic and musical entertainment, as well as films, lectures, literary series, and staged readings, all featuring prominent artists and writers with ties to the community.

The Bliss Sleep Center
The Bliss Sleep Center uses only 100% Organic bedding and can customize the materials used in your mattress to your preference.

Bridgehampton National Bank
For over 100 years Bridgehampton National Bank has been the East End's hometown bank. Many success stories...one bank, BNB!

Pembrooke Fine Landscapes
Pembrooke’s talented design staff has allowed our clients to rediscover the beauty, potential, and functionality of their landscape. Pembrooke’s unique ability to design and build the highest quality work has defined our success and distinguished us from the competition throughout the Hamptons and beyond.

Design + Build/Hamptons
Design + Build/Hamptons is a consortium of real estate design, development and construction services, which offers individuals and real estate professionals access to a coordinated set of skills and services.

ICC
Imagine one-button control of virtually every facet of your home. Where a simple touch is all it takes to enjoy your favorite music or movie, perfect your environment or secure your surroundings. At ICC, we pair the industry’s leading home automation design and installation experts with elite brands for an experience that simplifies your home and enhances your life. Welcome to life, simplified: click to learn more.

Halstead Property
Click here to search for Hamptons sales and rentals with one of the largest and most visible residential brokerage firms in New York!

Cook Maran & Associates
The insurance broker you can trust to be by your side when you need it most.