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
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
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices
from the best flooring manufacturers — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff.
Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.
Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
Hamptons luxury real estate specialist for 34 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.
Brown Harris Stevens is the quintessential luxury real estate firm, with a history of leadership and a culture of professionalism and discretion dating back to 1873. At every level of Brown Harris Stevens, you will find highly experienced, knowledgeable experts, single-mindedly devoted to your interests and your satisfaction. With offices in the Hamptons, New York City, Palm Beach, and Miami our brokers are exceptional - leading the field with the quality of their work ethic, their outstanding success rate and the sheer quantity of their transactions.
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.
As the only one of its kind on the North Fork, we exhibit and sell contemporary fine art works by mid-career and emerging artists with an emphasis on photo-based art. Fine art admirers and collectors enjoy opportunities to meet our exhibiting artists at special events including public receptions, Gallery Talks, and workshops.
As the only one of its kind on the North Fork, we exhibit and sell contemporary fine art works by mid-career and emerging artists with an emphasis on photo-based art. Fine art admirers and collectors enjoy opportunities to meet our exhibiting artists at special events including public receptions, Gallery Talks, and workshops.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.
www.hamptons.com
HamptonsOnline
NicoleBBrewer
NicoleBBrewer
NicoleBBrewer
Go To Hamptons.com Mail
Print Article
Guest (howard banks) from boca raton,florida says::
poor Vince,he is homeless now.
Feb 25, 2014 6:43 pm