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436 Gin Lane Has Been Sold, Finally

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Has 436 Gin Lane been saved? To recap: the house, known as Halcyon Lodge, was put on the market in September 2013 for $25M. Owner Scott Bommer, the hedge fund manager who also bought and sold Wooldon Manor and properties on Lily Pond Lane this year, cut the initial price by 20% but the property lingered on the market. He paid $18.3M for the house back in 2006. Neighbors have been complaining about the lack of upkeep to the place, and Bommer applied for a demolition permit back in February. As of the September 22 meeting of the Southampton Village Architectural Review Board, the permit had not been granted.

Now the property is listed as sold, presumably without a demo permit. The property is 1.5 acres with 142 feet of oceanfront; the house itself sports eight bedrooms and six and a half baths. There's also a rather amazing dunetop pool and a three bedroom carriage house for staff or guests. Halcyon Lodge is one of Southampton Village's original cottage colony homes. It is a rare example of the Stick Style, of which there may only be one other remaining in the village. In 1951, Mr. and Mrs. Henry Ford II, the owners, commissioned Philip Johnson to add a glass addition to the residence.

Now it's time for the next chapter in this house's life. Who has purchased it and what are their plans? What was the final price? (This site says $16M, which means Bommer took a bath on it. Ouch.) As always, anyone with further intel, you know where to reach us.
· Superb Gin Lane Oceanfront [Sothebys]
· All coverage of 436 Gin Lane [Curbed Hamptons]
· Scott Bommer Buys Three Lily Pond Lane Properties for $93.9M [Curbed Hamptons]