R
oy Lichtenstein's Southampton home has been put up for sale after more than five decades. The property, located at 50 Gin Lane, was bought by Lichtenstein and his wife Dorothy in 1970 for an undisclosed amount. The home has now been listed for $20 million, making it a significant investment opportunity in the Hamptons real estate market.
The property spans over two acres of land and features a 5,800-square-foot main home, a carriage house, and a white clapboard studio surrounded by flowers. The three-level home has five bedrooms and six bathrooms, providing ample space for comfortable living. The glass walls in the main home offer breathtaking views of the surrounding grounds and the Atlantic Ocean.
The property's most notable feature is its deeded access to the beach via a private pathway. However, unlike most luxury homes in the Hamptons, there is no pool on the property. Despite this omission, Sotheby’s International Realty’s Harald Grant believes there's potential to expand the home and add a pool.
Grant shares the listing with two colleagues at the brokerage as well as Corcoran’s Tim Davis. The property's unique history and its connection to the famous pop artist make it a rare opportunity for buyers looking to own a piece of art history.
Lichtenstein was a prominent figure in the pop art movement, along with other notable artists like Andy Warhol and Jasper Johns. His works, including "Drowning Girl," "Look Mickey," and "Masterpiece," have fetched significant sums at auctions. In fact, "Masterpiece" sold for a staggering $165 million in 2017.
In a separate news story, Harry Macklowe is selling off millions of dollars worth of artwork amid his divorce proceedings. This news comes as a surprise to many in the art world, given Macklowe's extensive collection of high-value pieces.
Roy Lichtenstein's son has listed a townhouse in the Village for $25 million, another notable property in the real estate market. In Southampton, La Dune estate was sold at auction for $79 million, a significant transaction in the Hamptons real estate market.
realestate
Lichtenstein's Hamptons Estate for Sale: A $20M Masterpiece Awaits
Roy Lichtenstein's Southampton home at 50 Gin Lane is up for sale for $20 million after being vacant for over 50 years. This is a rare opportunity for art enthusiasts to own a piece of pop art history.
Read More - realestate
realestate
Rockford Housing Market Gains Momentum with New Hispanic Real Estate Partnership
City leaders expect NAHREP to boost Hispanic homeownership rates.
Read More - realestate
realestate
Commercial Real Estate Forum Held by Southeastern Association
Sandoval Economic Alliance holds partner luncheon at Quezada's Comedy Club, focusing on commercial real estate.
Read More
realestate
Sterling Bay secures largest office deal of the year
Adyen Secures Record-Setting Lease in Chicago's Fulton Market District.