Harry Macklowe Drops Ask on East Hampton Estate

The good news for Hamptons luxury buyers: the asking price on Harry Macklowe’s three-acre estate in East Hampton is down significantly from last year. The bad news? You still can’t legally live there.

The developer knocked $5.5 million off the listing price of his home at 64 West End Avenue in the Hamptons town, the New York Post reported. Once listed for $38 million, the property is instead being marketed for $32.5 million, or $5,909 per square foot.

While the asking price has changed, the drama around a certificate of occupancy has not. East Hampton Village officials have accused Macklowe of illegal land clearing and unpermitted additions that endangered the surrounding wetlands.

Unpaid fines for violations and legal issues led the East Hampton Village Zoning Board of Appeals to deny retroactively approving changes at the property, hence the need for an updated certificate of occupancy.

The previous marketing team was replaced with Nest Seekers International’s Shawn Elliott and Bespoke’s Cody Vichinsky. Elliott claims there is a certificate of occupancy in place, but other brokers say the home no longer matches up with the 1987 document. Elliott refutes that any interior changes occurred.

Macklowe paid $10.4 million for the home in 2017, using it as a residence with his then-girlfriend, Patricia Landeau — now wife — during his nasty split from Linda Macklowe.

The 5,500-square-foot home features four bedrooms and four and a half bathrooms. Futterman Architects designed the home, which includes a waterfront gunite pool and is flanked by Georgica Pond.

It is a Tom Brady pass from the 9,000-square-foot home Macklowe shared with his ex-wife. That home was listed in 2019 for $21 million, but Linda ultimately decided not to move.

As for Harry, he’s in the midst of suing Israel Discount Bank of New York to fight off the redemption of about $20 million worth of Operating Partnership units, which the developer pledged as collateral for $89.5 million in loans from the bank; Macklowe is allegedly in default on those loans.

— Holden Walter-Warner