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When cosmetics mogul Adrien Arpel put her Meadow Lane property on the market two years ago for $38 million, we were a little skeptical. Yes, the property is spectacular, with 9.75 acres spanning from the ocean to the bay, but the house, not so much. We just weren’t crazy about it and we didn’t think anyone else would be either. It looked like it belonged in Palm Beach, not Southampton.
Well, we guess we were right. The property has finally traded, for a price “above $20 million.” In other words, at a steep discount. Well done to Mark Baron of Saunders for the sale. And just to prove there’s a lid to every pot, Baron reports “The buyer appreciates the Mediterranean style and grandeur of the home.” He or she got a bargain.
As for Arpel, she says, “Mark Baron is the ultimate real estate agent. He handled this sale with the greatest professionalism I have ever experienced in this industry. I would recommend him to anyone buying or selling properties in the Hamptons.” Congrats to all.
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