A $63 Million Piece of Southampton Estate ‘La Dune’ Is Bankrupt
- Estate tied to art publisher and philanthropist Louise Blouin
- Property wrapped up in multi-year mortgage fight, filings show
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A beachfront home in Southampton, New York, appraised at $63 million -- half of an estate marketed as “La Dune” -- recently landed in bankruptcy court just days before a foreclosure auction, court papers show.
The house at 366 Gin Lane is wrapped up in foreclosure proceedings stemming from an unpaid $26 million mortgage that has ballooned to about $40 million since 2019, according to Suffolk County Court records. The house is adjacent to another, larger waterfront mansion that is also in default. Both homes are controlled by once-ascendant art publisher and philanthropist Louise Blouin, bankruptcy court papers show.