Artist Setsuo Ito is ready to trade the "glamor life" of the Hamptons for a simpler life in Utah. But before he ships out, there's a certain $10.995 million box that needs closing: his nine acre hilltop estate in Water Mill north. Time for an auction! To get things moving, brokers Jacky Teplitzky and Enzo Morabito will host two open houses, one on August 8th and another on August 15th; the duo will then accept minimum-free sealed bids on the property. It's anybody's game!
So what to know about the 12,000-square-foot oceanview stunner? It was designed by the Japanese-born artist himself and is chock-full of Zen Buddhism influences. (Hence the glass pyramid.) It also sits on the highest point in the Hamptons. But selling the high-end (literally!) home hasn't been easy. Back in 2009, Newsday reported that the house was available for $30 million. After chopping the acreage, the property made a pit stop at $17 million until eventually settling at $10.99 million. Today, it preps for the biggest auction of the summer.
· Listing: 984 Noyac Path [Prudential]
· Hamptons Rental, with Glass Pyramid [WSJ]