Fashion Designer Tory Burch Lists Southampton Teardown for $17.9 Million

By: Diane Tuman, Zillow Content Manager | December 16, 2009

(Photo courtesy Sotheby’s)
Fashion designer Tory Burch has listed her oceanfront Southampton, NY estate for $17.9 million; it is located somewhere on Meadow Lane.
Even though there is an existing home and pool on the 4.5-acre property, plans call for the construction of a 7-bed, 9-bath, 7,100 sq ft beach house. It is being designed by architect Daniel Romualdez.
According to Hamptons Curbed, Burch will take a loss on the property after buying the home from her ex-husband for $22.5 million in July 2008. Burch has reportedly purchased the Howard Gittis home around the corner at 500 Ox Pasture Road, Southampton, NY.

Vanity Fair fans will be the most curious around the recent news that the New York City penthouse apartment of the late investigative journalist Dominick Dunne is listed for $1,250,000.
Dunne’s Turtle Bay-area penthouse apartment has one bedroom and one bathroom and includes French doors that open to a wrap terrace, a small study, and a living room with wood-burning fireplace.
After the tragic murder of his daughter, Dominique in 1982, Dunne became absorbed in covering crimes that had an element of celebrity; he covered the trials of O.J. Simpson, Claus von Bulow, Michael Skakel, William Kennedy Smith, and the Menendez brothers for Vanity Fair. Dunne was also from a family of celebrities. Dominique was an actress, son Griffin is an actor and director, his late brother was the novelist John Gregory Dunne and his sister-in-law is Joan Didion, the National Book Award winner in 2005 for “The Year of Magical Thinking.”
Dunne died this past August after losing a two-year battle to bladder cancer.

“Le Bellucia,” an amazing $25+ million listing in Palm Beach, was on the market for less than 30 days and sold for just a few million short of the asking price.  Is the luxury market back? At least it is in Palm Beach.
This sale is the priciest in Palm Beach this year and the lucky seller is NFL Tampa Bay Buccaneers owner Malcolm Glazer (pictured) — also a partial owner of soccer team Manchester United — who sold 1200 S Ocean Blvd., Palm Beach, FL for $24 million.
Originally listed for $27.5 million, it has 3.8 acres along the oceanfront and has nearly 12,000 sq ft of living space. Real estate investor Jeff Greene is reportedly the buyer.
Interestingly, Glazer purchased Le Bellucia in 2000 for $14 million, but he never lived in it — mainly because he was planning on a thorough renovation that never happened. The oceanfront home contains 9 bedrooms, 9.5 bathrooms home,  and has stone and hardwood floors, outdoor terraces and an oversized swimming pool.
The home was originally built by Willey J. Kingsley, a physician and capitalist in Rome, N.Y., and named it “Beautiful Lucy” after his wife, Lucy. It was built by celebrated American resort architect Addison Mizner.