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partially built 19,980-square-foot mansion on exclusive Meadow Lane in Southampton has finally found a buyer after years of being abandoned since 2018. The sprawling property, once listed for $85 million, has undergone significant price cuts and is now under contract at $49.5 million.
The buyer will have the option to complete the Moroccan-inspired construction, collaborate with designers, or tear down the structure entirely. The current owner, Meadowcore LLC, had initially invested over $37 million in the land alone and an additional $19 million for construction before abandoning the project.
The 9.75-acre parcel offers breathtaking Atlantic Ocean views, tennis courts, a 1,700-square-foot pool, and zoning for single-family use. With 550 feet of ocean frontage and deeded Bayfront access, the property is a rare gem in the Hamptons, offering endless possibilities for an extraordinary compound.
The listing describes it as a "once-in-a-lifetime" opportunity to create something truly unique. The buyer will have the chance to transform the space into a sleek, modern masterpiece or maintain its current Moroccan-inspired design. With its prime location on Meadow Lane, known as "Billionaire Lane," the property is surrounded by some of the most impressive mansions in the Hamptons.
The owner, allegedly tied to billionaire hedge funder Thomas E. Sandell, had initially envisioned a $150 million estate but ultimately walked away from the project. The property's history and potential make it an intriguing find for the buyer, who will have the freedom to shape its future.
