The house was designed by Michael Davis, a Hamptons builder with a record for selling big-ticket spec homes. Prudential Douglas Elliman's Enzo Morabito, the listing broker, said several A-list celebs have looked at the impressive manse. "Walking into this house is a spiritual experience," says Morabito, a 30-year Hamptons veteran who sold Manhattan real estate developer Stephen Haymes's Westhampton Beach house for more than $13 million in late July. "You can feel the high level of construction." According to Morabito, the recent flurry of interest in houses like this one on Parsonage Lane means that high-bracket buyers are back, having sat out the market long enough. "Everything worthwhile south of the highway is getting snapped up," he says. "Even good plots of land with teardown houses are seeing fast action." —Jason Sheftell

ROOM AT THE INNS?
Hotel rooms are always hot commodities in the Hamptons, and soon they may be even harder to come by. In Southampton, the Atlantic, the Bentley and the Capri, owned by Hamptons Resorts & Hospitality, seek buyers as the bank sets a late-September date for a foreclosure auction. New York City–based building-sales juggernaut Massey Knakal represents the bank and the owners, and while all three properties can be purchased en masse, Massey Knakal chairman Robert Knakal points out that there is serious interest from potential buyers for each individual property. "We expect very good pricing on each," says Knakal. "The Atlantic is most likely to remain a hotel. The Bentley, with big rooms and areas for large kitchens, is primed to become a condominium conversion." As for the Capri—home to the Pink Elephant, a popular celeb nightspot—Knakal says it's nicely positioned to become a private membership club with rooms included. "There's a lot of flexibility with these properties," he says. Located along Route 27, the three make up 43 percent of the total hotel rooms in Southampton. One source close to the deal said the three locations, in their current condition, could net a total of $15 to $20 million. —J.S.