The Hamptons estate, designed by Starchitect, once asked for $27.5 million, to be sold to the highest bidder

A modern beach house designed by Norman Jaffe in East Hampton, New York, will go up for auction early next month through Sotheby’s Concierge Auctions without reserve, presenting a bargain opportunity for an architect-designed home.

The 3-acre property is currently listed for $27.5 million by Rebekah Baker of Sotheby’s International Realty. It’s been on and off the market since 2016, when it asked for $17.9 million, according to listing records.

The auction will be held online from December 6 to 14 via Sotheby’s Concierge Auctions digital platform.

“The address is one of the most coveted locations here in East Hampton, across from Jackie Kennedy’s famous Lasata estate and a short walk to the Maidstone club and ocean. But then you have an extremely well-made architectural masterpiece by Norman Jaffe,” Ms Baker said.

Offering it at auction will reach as many potential buyers as possible, she added.

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Designed in 1980, the modern home has 4,356 square feet of living space with four bedrooms, each located in a separate wing with an en-suite bathroom and walk-in closet. Throughout, the home features wood and natural stone, high ceilings, open-concept living, and clean lines and angles to maximize natural light and views, according to the listing.

Outside there are manicured lawns, a swimming pool, tennis court and a detached garage, according to the listing.

The property is owned by the estate of Joel Stern, an economist and founder of Stern Value Management, a New York-based management consulting firm.

Jaffe was inducted into the American Institute of Architects in 1991, two years before he died aged 61 after disappearing while swimming in the ocean. He was responsible for about fifty rustic modernist homes in the Hamptons.

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