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March 5, 2024

The Mega Mansion Saga: A Forbidden Beauty with Legal Woes

– The mega mansion, a pristine white beauty, enjoys prime location alongside Georgica Pond; indeed, like an A-list celebrity amidst starstruck fans.
– The catch? Like a forbidden fruit, it’s all beauty and no bite – essentially, it can’t legally be occupied.
– Previously listed at $50 million, the mansion drips extravagance, featuring a majestic Olympic-size pool, tennis court, and a grand nine-bedroom layout sprawled over an impressive 7,500 square feet.
– Despite its star-like qualities, the mansion has been a star-crossed property, caught in messier-than-your-ex’s emotional baggage cataclysm of zoning and environmental issues.
– Originally built in 1931, it has seen years of historical grandeur erode into legal trouble as it stands on a wetland buffer that doomingly prevents occupation.
– The sizeable price reduction to $13 million may sound like a Black Friday deal, but the property’s legal woes and inhabitability clause are the equivalent of a “Bargain for Sale: A Double-edged Sword” tagline.
– The real estate community is keeping a watchful eye on this drama unfolding like an intricate Game of Thrones subplot, waiting to see who will be brave (or foolhardy) enough to take a chance on this disputed East Hampton gem.

Signing Off: The “For Eyes Only” Real Estate Tale

When Fancy estates come with not-so-fancy legal tape

A Dramedy Worthy of an Emmy award

It’s like eating your favorite cake without the sweet layer of cream and cherries on top. This magnificent East Hampton behemoth is a dream castle reincarnate, peppered with everything you could ask for, except that it forgot to RSVP to the “legal occupation” invitation. Caught in a legal entanglement as knotted as our earphones when we need them the most, this mansion has become the Kardashian of real estate – all glitz and glamour but with a huge ‘buyer beware’ caution sign taped to the front door. Like the last available ticket to your favorite band’s concert that’s up for grabs, the bites at the massive price reduction will be interesting to see. Nevertheless, for the brave soul, Peter Pan or a millionaire renegade, who decides to embark on this real estate Neverland adventure, get ready for a journey that may be more tumultuous than teen heartbreak and as challenging as getting the last scoop of ice cream on a hot summer day. Stay tuned as we watch this soap-drama-meets-real-estate rendezvous unfold.

Remember, there’s no business like real estate business, especially when it’s more twisted than a forgotten game of Twister at a kindergarten party.

Original article: https://www.inman.com/2024/03/04/harry-macklowe-asks-38m-for-unlivable-hamptons-home/

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Martin Towers


Martin is an ex Real Estate Agent turned digital marketer and entrepreneur now specialising in helping Realtors all around the world

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