$38 Million Hamptons Mansion Uninhabitable Due to Lack of Certificate of Occupancy

The luxurious property, neighboring Steven Spielberg, faces legal and environmental issues, preventing new owners from residing.

A $38 million mansion in New York's Hamptons, near Steven Spielberg's home, is on the market but cannot be legally inhabited due to missing occupancy permits.
Owner Harry Macklowe faces legal challenges and fines for illegal land clearing and construction, endangering local wetlands.
Macklowe was fined $2 million but avoided criminal charges, with the property's legal status complicating its sale.
Real estate experts suggest the mansion is overpriced at $38 million, estimating its value between $12 to $15 million.
The property's listing is managed by Paul Brennan, despite its inability to house new owners due to expired occupancy certificates and unpaid fines.