Log In   ·   Become A Member

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:*
Please type the word 'water'
(For spam prevention, thanks)
 
 
 
http://www.hamptons.com/gallery/ads/2362.gif
http://www.hamptons.com/gallery/ads/2003.gif
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Southampton Masonry-Visiting the Southampton or the Wainscott locations is an exciting experience.
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.

Southrifty Drug 54 Jagger Lane, Southampton Village
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.

Burner Law Group, P.C.
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.