Libbie Mugrabi, former wife of art dealer and collector Marcell Mugrabi, has listed her Bridgehampton estate for $25 million. The property sits on approximately 5 acres in one of the Hamptons' most exclusive enclaves.
The compound features two pickleball courts, a notable amenity reflecting the sport's explosive popularity among wealthy Hamptons residents. The listing comes as the Mugrabis' marriage attracted sustained tabloid coverage over the past decade, with the couple's splits and financial disputes making regular headlines in celebrity and real estate media.
Bridgehampton's ultra-luxury market remains robust despite broader economic uncertainty. Properties at this price point typically feature waterfront access, multiple structures, and premium landscaping. The Mugrabi listing positions itself within a competitive segment where homes routinely exceed $20 million. Comparable estates in the area have sold for $22 million to $35 million in recent years, making the $25 million ask reasonable for the market.
For luxury buyers, the Bridgehampton location offers proximity to Manhattan without East Hampton's crowds. The pickleball courts address a growing buyer preference. Ultra-high-net-worth individuals now expect recreational facilities at this price level. East End agents report pickleball installations at luxury properties have increased 40% in two years.
The listing impacts the ultra-luxury rental market minimally. Homes at $25 million rarely enter seasonal rentals. However, the sale signals confidence in Hamptons pricing from a high-profile seller. Mugrabi's willingness to list publicly suggests stable market conditions for top-tier properties.
Agents working this segment note that celebrity provenance cuts both ways. Tabloid history can deter conservative buyers seeking privacy. Others view it as intriguing history. The property's actual amenities, square footage, and condition matter