The waterfront estate known as La Dune in Southampton sold for $88.48 million at auction Wednesday.
The sale price made it the most valuable property ever auctioned live at Sotheby’s, according to a statement from the auction house. The unnamed buyer was one of seven bidders from North America, including New York and Connecticut, and the Caribbean.
The 4-acre compound at 366 and 376 Gin Lane was offered individually and collectively via Sotheby’s Concierge Auctions in partnership with brokers Harald Grant of Sotheby’s International Realty, Tim Davis of The Corcoran Group, and Cody Vichinsky of Bespoke Real Estate.
Last listed at $150 million, the Gin Lane property has been on and off the market for the last seven years. The estate features an 11,000-square-foot main house with 10 bedrooms and eight bathrooms that was originally built in 1892. The home was used for the filming of many scenes in Woody Allen’s 1978 film “Interiors.”
A second residence on the property was built in 2001 and designed to mirror the style and proportions of the main house. Both homes are equipped with gyms and saunas and a host of other amenities, while the second residence adds a home theater and billiards room.
Together, the homes total 23 bedrooms and share 400 feet of beachfront. There are also two pools, courtyards, private gardens and patios.
“The remarkable final sale price for ‘La Dune’ reflects its stunning design, exclusive address, and historic pedigree,” Chad Roffers, founder and CEO of Sotheby’s Concierge Auctions, said in the statement.
The Southampton compound had been owned by Canadian magazine publisher Louise Blouin, who reportedly bought the property for $13.5 million in the 1990s.
“I am pleased to have partnered with Sotheby’s Concierge Auctions on yesterday’s sale of the iconic ‘La Dune’ residence,” Grant said in the statement. “This extraordinary oceanfront compound represents one of the finest offerings in the Hamptons; it is no surprise that this auction resulted in a record sale.”