Tory Burch Sells Her Hamptons House For Half Of The Purchase Price
Eagle eyes at Curbed pointed out that Burch’s three-year-old listing for her 4.5 acre estate on Meadow Lane closed at $11 million, which is $11.5 million less than the $22.5 million she paid when she bought it from Chris back in 2008. A source tells the New York Post‘s Page Six that pipes in Burch’s house had burst and resulted in serious water damage, which might explain the relatively cheap sale, but there’s still speculation that she accepted the low offer due to her ongoing legal troubles with her ex.
The home will be torn down and rebuilt by architect Daniel Romualdez. And don’t worry, Burch has already bought another home on nearby Ox Pasture Road for a cool $16 million. Because why not?