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167 Dune Road Sells For $8.25M Less Than The Original Ask

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It took more than two years, but the oceanfront five-bedroom in Bridgehampton has finally sold. The "upside down" house first hit the market in June of '09 with a $22M pricetag, but ended up selling early last month for $13.75M to the D&B Zucker Family Fund. If our Google Fu is strong, this is most likely Manhattan real estate developer Donald Zucker?although a call to his office seeking confirmation was not returned. However, he's been known to pick up discounted properties on Long Island, so this purchase wouldn't be out of line with his past buying history.

And what is the new owner getting for almost $14M? Nothing less than a 4600 sq. ft. home designed by Francis Fleetwood set on a hefty 2.8 acre piece of oceanfront property. Built in 2006 as a year-round retreat, it features the usual suspects when it comes to high-end Hamptons amenities: a chef's kitchen, Water Works fixtures, surround sound both inside and out, a three-car garage, expansive decking and a heated gunite pool with inlaid Jacuzzi and a pool house. Let's not forget about the "panoramic views with sweeping vistas of the beach, the sea and the bay." Without them, this house wouldn't have commanded the price it did (as discounted as it was).

· Listing: 167 Dune Road [Douglas Elliman]