It's coming right down to the wire for the group hoping to save Arakawa and Madeline Gins's extraordinary Bioscleave House in East Hampton, New York. According to the deceased designers, the one-of-a-kind residence promises to "reverse the effects of aging and transform the personal well-being and longevity of its inhabitants." Who wouldn't want that from a home? Well, the answer so far seems to be no one. The house's current owners, who can no longer afford to maintain the residence, have had it on the market for seven months. If purchased by a developer, the Bioscleave House, or "Lifespan Extending Villa," could be demolished and replaced by a standard $3 million spec house. The eye-catching structure, which is a work of art in itself, is the only house designed by Arakawa and Gins outside of Japan. The asking price has reduced to a cheap $1,395,000, which is a fair price given its location in the Hamptons, and given the fact that the property and its historically significant structure would be saved from demolition. The Bioscleave House's property is only 50 percent built out as far as its zoning will allow, so more additions can be made on the one-acre site.
JB D'Santos from Brown Harris Stevens of the Hamptons has the listing and is working to locate a buyer who appreciates the groundbreaking work of the late designers, and who is willing to preserve the site's architectural integrity. “There's a lot of activity and one buyer who is extremely excited about the property," said D'Santos.