Gin Lane Estate, Estate of the Day
Sadly, a $65 million home in the Hamptons barely has the power to shock anymore. The Wall Street Journal recently reported that a Southampton, N.Y., estate formerly owned by Martin "Marty" Richards, who produced the Oscar-winning 2002 film "Chicago" and many Broadway plays, has gone on the market for $65 million.
We've covered Richards before. His riverfront duplex was first listed at $29 million and then went down to $22.7 million. The current owner bought the home from Richards for $23 million in 2003 and is said to have spent $25 million overhauling the property with the help of interior designer Robert Couturier.
This home is located on the very popular Gin Lane and has more than 400 feet of beach frontage. There is an eight-bedroom main house as well as a 7,500-square-foot guest house. The grounds include a tennis court, pool, spa and a lily pond. The main house is one of the oldest summer cottages in the Hamptons. The main manor home is absolutely flawless and the almost six acres are exquisitely done. As the listing says, it is a "true Southampton estate." Is it worth $65 million? I've learned to turn off my inner skeptic when looking at Hamptons listings, there is probably some deep-pocketed person willing to pay exactly that. Yes, even in this uncertain real estate market.
Reader Comments (Page 1 of 1)
nuvanda Jan 6th 2008 7:05PM
Thank you for using bigger pictures for
the new post about this, in the previous ones
you can't see anything ; )
robert Jan 6th 2008 8:35PM
there is no way that a house on 6 acres is worth 65 million
James P Jan 12th 2008 7:46PM
Cost or Worth ? It definitely would not cost that much to build a house like that on a similar plot of land. However, to some this may be worth what is symbolizes.