Purchased by the infamous Luke Brugnara for $7 million in 2002, the seven-bedroom home at 224 Sea Cliff Avenue, to which Luke had $11 million worth of art delivered and then refused to pay, has been in and out of foreclosure since 2012 (at which point $7,983,898 was owed on a 2007-era first mortgage for $6,000,000 to which a second for $11,350,000 was added in 2008).
Listed as a “spectacular trophy home with HUGE potential!” for $19.675 million at the end of 2016, and having managed to skirt another foreclosure auction earlier this year, 224 Sea Cliff Avenue has now quietly traded hands for $18.8 million, as noted by a plugged-in reader yesterday.
Expect plans to either redevelop the home or its 8,510-square-foot oceanfront lot, à la the big plans for 178 Sea Cliff Avenue, to soon emerge. We’ll keep you posted and plugged-in.
UPDATE: The aforementioned sale of 224 Sea Cliff Avenue has been debunked, our apologies for perpetuating the false report.