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Tory Burch's Meadow Lane Headache now $3M Cheaper

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In 2009, designer of your flats Tory Burch dropped $22.5 million to buy from her ex-husband a Meadow Lane oceanfront home, which the couple had actually purchased together in 2005 for $14 million. But Burch eventually dropped the Meadow Lane home just like she did her husband—in 2010, Burch spent $32.5 million to acquire a wildly impressive Georgian colonial on Ox Pasture. Nice!

But even though both parties have moved on (ex-husband Chris also picked up new property in Southampton, but that's another story), Tory isn't out of the woods just yet; the original Meadow Lane property still hasn't sold! In fact, after a recent $3 million PriceChop to $11.75 million, Tory stands to lose $10.75 million on the 6-bedroom oceanfront home. Time to sell some more handbags!

· Listing: 2080 Meadow Lane [Sotheby's]
· All Tory Burch coverage [Curbed Hamptons]