Luxurious Hamptons Estate Hits Market for $25 Million
A magnificent estate in Bridgehampton, once owned by socialite Libbie Mugrabi and her former husband David Mugrabi, has recently been placed on the market with an asking price of $25 million. This expansive property, which the couple acquired in 2007 for approximately $3.8 million, became Libbie Mugrabi's sole possession following their divorce finalization in December 2020. The residence, spanning approximately 10,700 square feet, is situated on nearly seven acres of land and reflects a unique blend of high design and fine art, making it a truly exceptional offering in the Hamptons luxury real estate market.
Bridgehampton Estate: A Blend of Luxury and Artistry
In the exclusive Hamptons enclave, an opulent estate, previously shared by art collector David Mugrabi and socialite Libbie Mugrabi, has recently come onto the market for $25 million. Acquired by the couple in early 2007, the property was subsequently transferred to Libbie Mugrabi following the conclusion of their divorce in December 2020. Now, after a period of ownership, Ms. Mugrabi has decided to offer this traditional shingle-style residence for sale. The listing is managed by Deborah Pirro of Daniel Gale Sotheby's International Realty.
Nestled discreetly amidst the lush woodlands connecting Sag Harbor and Water Mill, this expansive compound spans nearly seven acres. The property is secured behind private gates, ensuring utmost privacy and exclusivity. The primary residence, constructed in 2004, encompasses approximately 10,700 square feet across multiple levels. It features six generously proportioned bedrooms and seven luxurious bathrooms. During the Mugrabis' occupancy, the interior underwent a sophisticated transformation orchestrated by architect Francis D'Haene, who envisioned the space as a 'living gallery,' seamlessly integrating high design with notable art pieces.
The home's interior boasts a rich array of amenities, including five elegant fireplaces, a dedicated movie theater for private screenings, and a climate-controlled wine cellar. A distinctive feature is the living room, which is illuminated by natural light and anchored by a striking lime green, heart-shaped art installation adorned with butterflies, a creation by the renowned artist Damien Hirst. The kitchen presents a bold aesthetic with its bubblegum-pink walls, complemented by a pristine marble-topped island and professional-grade stainless-steel appliances, including a double-oven range. Adjacent to the kitchen is a welcoming dining area. The lavish primary suite offers direct access to a private terrace, alongside dual walk-in closets and a spa-like bathroom featuring a built-in soaking tub.
The meticulously landscaped outdoor areas provide a resort-like experience. These grounds host a sparkling swimming pool and a separate spa, both enveloped by a chic stone-clad sundeck. A dedicated pool house and cabana offer convenient changing facilities and a relaxed lounge area. For sports enthusiasts, the estate includes two dedicated pickleball courts, which are adjoined by an additional multi-use sports court. Furthermore, the property provides practical amenities such as a three-car garage and supplementary parking space for up to ten vehicles, accommodating a significant number of guests.
This sale offers a rare opportunity to acquire a distinguished Hamptons estate, rich in both artistic heritage and luxurious comforts, reflecting the sophisticated lifestyle of its previous owners, known for their significant contributions to the art world, notably the Mugrabi family's extensive collection of Andy Warhol's works.
This listing of a Hamptons estate, previously owned by figures prominent in both society and the art world, underscores the enduring allure of luxury real estate as a tangible asset and a canvas for personal expression. It highlights how properties can transcend mere dwellings, evolving into showcases of art and design, shaped by the distinct tastes and legacies of their inhabitants. The considerable asking price reflects not only the prime location and extensive amenities but also the unique narrative and artistic interventions that elevate its status. For potential buyers, such an acquisition represents more than just a home; it's an investment in a lifestyle and a piece of cultural history, offering both exclusivity and a connection to a world where art and affluent living intertwine. It also reminds us how significant life events, such as divorce, can reshape the market for high-value properties, bringing once-private sanctuaries into the public eye for a new chapter.
