Luxurious Hamptons beach cottage sold for more than $12 million mysteriously vanishes from the scene
In the heart of East Hampton, New York, a historic cottage met its end after being snatched up for a whopping $12 million. British property tycoon Nick Capstick-Dale and his wife Laura made this off-market purchase last November, marking their 14th year residing on Egypt Lane in the area.
The demolition of the cottage occurred in February, giving way to a property nearly double its size. The house had been a neighbor to the exclusive Maidstone Club, overlooking the oceanfront. Talking to the New York Post, broker Paul Brennan of Douglas Elliman shared, "One day they [the neighbors] woke up, and the house was gone!"
Though the five-bedroom cottage boasted beautiful beams inspired by English arts and crafts-style properties, it didn't quite match the Capstick-Dales' vision for their dream home. Nick revealed, "We had been looking for a home overlooking the Maidstone with ocean and sunset views for some time. It's our favorite view in the Hamptons, and we also wanted to be close to the village, having had a home on Egypt Lane for 14 years."
Ben Krupinski Builders will construct the new house, which will span a massive 11,500 square feet – almost double the size of the demolished cottage. The Capstick-Dales, worth an estimated $614 million, find the locale reminiscent of the British countryside. The property also offers stunning sunset views of Hook Pond and the ocean, adjoining the prestigious Maidstone Club.
construction of a tailor-made home in what real estate professionals deemed an "incredible location" for their family's long-term use[1][2][3]. Nick emphasized that their new residence would be "tasteful, traditional-style shingle gambrel that will blend seamlessly into the surrounding grand estates."
The family's search for an East Hampton home with desired ocean and sunset views overlooking the Maidstone Club led to the demolition and rebuilding of their property. While some might view this as a drastic move, the Capstick-Dales are confident that their "forever home" will blend harmoniously into the picturesque landscape.
- The Capstick-Dales, who have an estimated net worth of $614 million, are investing in a new home in East Hampton, New York, probably due to its reminiscent beauty of the British countryside.
- The demolished historic cottage, purchased by Nick Capstick-Dale and his wife Laura for $12 million last November, was replaced with a new property, constructed by Ben Krupinski Builders.
- The new house, spanning 11,500 square feet, will offer stunning sunset views of Hook Pond and the ocean, adjoining the prestigious Maidstone Club.
- The lifestyle change for the Capstick-Dales includes a move towards a larger home, reflecting their long-term plans as a family.
- The new residence, a tasteful, traditional-style shingle gambrel, is expected to blend seamlessly into the surrounding grand estates.
- The demolition and rebuilding of their property in East Hampton was a strategic move for the Capstick-Dales, who were seeking a home with their favorite ocean and sunset views overlooking the Maidstone Club.
