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EXCLUSIVE: A Mystery Buyer Snags Vince Camuto's $72M Hamptons Estate

EXCLUSIVE: A Mystery Buyer Snags Vince Camuto's $72M Hamptons Estate
From WWD - February 9, 2018

A mystery buyer has scooped up late shoe king Vince Camutos lavish $72 million Hamptons mansion after a decade on and off the market.

The multimillionaire Nine West cofounder and his wife, Louise Camuto, bought the then badly run down 15-acre estate called Villa Maria in Water Mill, N.Y., in 2005 for $35 million and carried out a massive renovation, taking five years in total.

The Camutos first tried to sell the 19th-century mansion, which at one point in its history served as a convent for the Sisters of St. Dominic of Amityville, for $100 million in 2008, but one can only assume the financial crisis thwarted their plans.

Since then it has been on and off the market at several different prices and after Camuto died in 2015, Swedish-born Louise tried again, putting it up for sale the following year for $72 million with Hamptons-based brokerage Bespoke Real Estate.

A buyer has finally bit and although their identity and the final price paid wont be revealed until the sale has closed, one thing is certaintheir new home is pretty spectacular.

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