Beach House From HBO’s ‘Succession’ Back up for Sale Asking $55 Million | Kanebridge News
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Beach House From HBO’s ‘Succession’ Back up for Sale Asking $55 Million

By LIZ LUCKING
Wed, Apr 26, 2023 8:37amGrey Clock 3 min

An uber-contemporary waterfront home in the Hamptons, the exclusive pocket of New York’s Long Island beloved by the well-to-do set, has come to the market for $55 million.

The angular and glass-covered house may look familiar to eagle-eyed viewers of HBO’s “Succession.” In season three of the award-winning series, the house starred as the beachfront mansion owned by billionaire investor Josh Aaronson, played by Adrien Brody, and visited by Kendall and Logan Roy.

However, “its celebrity status has relatively little impact,” said Cody Vichinsky, founding partner and president of Bespoke Real Estate, which listed the home earlier this week. “Buyers of such high-end assets are more interested in the nuances that create unique value than in the celebrity factor.”

The open-plan great room is flooded with light from walls of windows. BESPOKE REAL ESTATE

Luckily, off screen, the house is every bit as lavish as it was portrayed.

Built in 2018 in the hamlet of Wainscott, the property was designed by Barnes Coy Architects.

They designed the roughly 11,000-square-foot house to be broken down “into three smaller pavilions attached by an elongated breezeway, almost as if three smaller beach houses—each with its own distinctive character—had been joined at the hip,” according to the architecture firm’s website.

Each pavilion houses something different. The primary suite is in one; the middle is the communal space; and the third has the remaining five bedrooms.

More: Step Into Han Solo’s Millennium Falcon at This $19 Million Mansion Inside Disney World

A particularly distinct feature is in the giant open-plan living, dining and kitchen space, where the home’s jaunty inverted roofline translates inside to an upside-down teak pyramid in the centre of room.

The custom kitchen occupies one end of the space with a statement marble backsplash—which made an appearance in the show. At the other end is a towering stone fireplace—you’ll spot that during the episode, too.

The scale of the space, “with [its] double-height walls of glass that capture the ocean views in one of the most impressive ways we have ever seen, was likely the defining reason why this setting was chosen to be a home on Succession,” Mr. Vichinsky said.

Macall B. Polay/HBO

The primary suite has vaulted ceilings, more walls of glass and two bathrooms.

On the lower floor, meanwhile, all the bells and whistles can be found, from a screening room with stadium seating, to a concrete-floored gym and a spa with a steam room, according to Dirt, which first reported the listing.

Outside, the home has a covered deck with an outdoor kitchen and a private path leads straight to the beach.

The house last changed hands in December 2021, when it was snapped up by a limited liability company for $45 million, records with PropertyShark show.

“Oceanfront properties, specifically turn-key oceanfront ones, have become increasingly rare, while the costs and time required to build them have significantly increased,” Mr. Vichinsky added. “This, coupled with the pedigree of the location and architecture, positions this property to continually increase in value.”

This article originally appeared on Mansion Global.



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Dubai Real Estate Market Shows Robust Growth in Q2 2024

Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year

Fri, Jul 26, 2024 < 1 min

Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.

Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.

Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.

“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”

The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.

In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.

Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”

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Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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