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Someone's Going To Buy Setsuo Ito's "Island In The Sky"!

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The home that sits atop the highest point in the Hamptons has found a buyer. Artist Setsuo Ito's "Island In The Sky" has recently entered into contract for an undisclosed sum.

This news comes more than four years?and a couple of failed auctions?after he originally put the 12,000 sq. ft. love letter to the 80s on the market. After listing the place for a staggering $30M in September of 2007, the acreage was cut (from 15 to 9) and the price chopped a handful of times (the most recent ask was $9.9M). The zen-inspired residence languished for so long thanks to some pretty obvious reasons: cost, design and location. A one-time broker for the home noted, "Most potential buyers wanted to demolish a lot of it, or tear it down entirely." We suspect the soon-to-be-new-owner plans to do just that.

At least we'll always have Biggie Smalls' video for "Juicy" to remind us of what once was?keep an eye out as the home makes several appearances.

· Listing: 984 Noyac Path [Corcoran]
· 984 Noyac Path, Water Mill [Official Site]
· All Previous Setsuo Ito Coverage [Curbed Hamptons]

Island in the Sky

984 Noyac Path, Water Mill, NY 11976