This Hamptons glass house drew party complaints, failed to sell and went through foreclosure. Now it's a $1.2M summer rental.

Over the span of only 10 years, a luxurious 10,000-square-foot glass and steel home in a quiet East Hampton hamlet went from construction, to a town lawsuit alleging raucous celebrity parties to a protracted foreclosure. 

The extravagant modern glass home at 145 Neck Path failed to sell on the open market for years, local real estate experts said, because of its unique design in a neighborhood with more traditional homes. Now, roughly a decade since its completed construction, a local millennial investor is working to turn the property into a ritzy summer rental with the potential to generate nearly half a million dollars a season after buying the house out of foreclosure earlier this year.

The East End home in the hamlet of Springs was purchased by AA Holdings 1 LLC, an affiliate of Hauppauge-based real estate investment firm Allon Avgi, for $4.2 million, according to Suffolk County property records. The residence, which sits on 1.93 acres, was engineered by Jeffrey Smilow, structural engineer of New York City's One World Trade Center.

"When you walk into this space, it's dramatic," said Allon Avgi, 30, the namesake owner of the local investment firm. "It's like you're walking into something you've never seen before and you're basically one with the nature around you. It's just incredible."

Lavish parties, followed by lawsuits

Originally built in 2016, the modern, two-story home features six bedrooms, seven bathrooms, a four-car garage accessible through a private underground tunnel and a 27-by-55-foot heated saltwater pool and hot tub, all encased by floor-to-ceiling glass panels, giving the home an almost entirely transparent profile.

But within a few years, the house became known for parties and illegal promotional events and was quickly entangled in foreclosure proceedings.

In November 2019, FourLeaf Federal Credit Union, formerly Bethpage Federal Credit Union, filed a complaint to initiate foreclosure proceedings against the home's designer and previous owner, Juan A. Figueroa, according to filings with Suffolk County Supreme Court.

As early as 2018, Figueroa faced a lien of $2.6 million against the home, according to court documents.

Amid the yearslong foreclosure proceedings, Figueroa was served with a restraining order request filed in state Supreme Court by the Town of East Hampton in July 2019. The order alleged illegal commercial use of the property, such as hosting parties that advertised poolside guest spots at $5,000 a pop.

The town also claimed the home hosted events for celebrity brands, including a promotional event for Carrie Underwood's fitness apparel brand during a party attended by the singer in July 2019. Another party advertised for August of that year was to have admitted guests who dressed in white swimwear, according to the town.

In early 2020, Figueroa and named parties in the town action agreed to pay $32,000 to settle charges.

Figueroa, who now lives in Texas, said some of the more egregious allegations brought up by the town, like the charging of admission for parties, were done by others he rented the house to without his knowledge. Still, he said, he likely wasn't in total code compliance when it came to other uses of the home.

"I may have done things myself that were not 100% within the law because I didn't know the law 100%," Figueroa told Newsday.

"I may have criticized them in the past, but I realize I should have paid attention to the details of town law more strictly," Figueroa said of his dealings with East Hampton. "The town is a little uptight, in my opinion, but I don't blame them."

Struggling to sell, entering foreclosure

Surrounded by 20 acres of forest, the highly amenitized house is outfitted with polished concrete floors, open-concept living and dining areas, a Scavolini kitchen equipped with Gaggenau appliances, custom walk-in closets and natural stone and white quartz bathrooms.

But despite the luxurious nature of the "Glass House," as it's been previously marketed in recent years, it struggled on the open market.

Last year, the house was placed on the market by Sotheby's International Realty with an asking price of $5.5 million, though the property had previously been on the market as early as 2018 for an asking price of $3.9 million, according to Forbes.

An order confirming the judgment in the foreclosure case was filed on May 14, 2025, according to court documents.

'I made a mistake with the location'

Real estate brokers who specialize in the East End's luxury market said the home's relatively low sale price reflects both the foreclosure proceedings it had entered as well as the location of the property.

"They would have sold it for three times what they ended up selling it for" if the home was built south of State Route 27, said Judi A. Desiderio, managing partner and senior vice president of William Raveis Real Estate.

But a home of that size and style on Neck Path is out of character for the neighborhood, she said. This made it difficult to command more than a $4 million price tag in the area, where homes typically sell in the $2 million to $3 million range, she said.

"Neck Path borders between Springs and Barnes Landing," Desiderio said. "With these two hamlets, we don't see too many 10,000-square-foot steel and glass houses. It is unique. So, you'd have to find a buyer who wants just that."

Figueroa agreed. 

"It was impossible to find someone to take on the house at a price that made sense," he said. "People love the house. They come into the house, and they have to take a minute to take it in ... but nobody could take it on."

"I made a mistake with the location," he said. "I should I have built it closer to the ocean."

Desiderio said the property would likely be a bad investment for someone looking to flip it, but as a seasonal rental property, it's a pretty good bargain.

"This house would make for a great rental," Desiderio said.

A new era

Moving toward a seasonal rental model is exactly what the new owner plans to do.

The home, which has already secured some renters this summer, is available to rent for $275,000 for the month of August, or $325,000 for Aug. 1 through Labor Day. For the entire summer season from Memorial Day to Labor Day, the asking rent was $1.2 million, Avgi said.

Avgi said he's been working on acquiring the property "for the better part of the last couple of years," but delays in its foreclosure auction delayed the process until closing on the house in March.

"I'm in the business of buying good properties and bringing in good tenants and holding onto the property long term," Avgi said. "I want to rent it out to the best of the best clients and do my best to keep it very exclusive."

Figueroa said he hopes Avgi won't fundamentally change the nature of the home's interior design too much, but otherwise wishes him well on the endeavor.

"I wish them the best and suggest they look at the rules and don't get into fights with the town," Figueroa said.

Glass houses on Long Island

While the prospect of living in a glass house might turn off some would-be buyers concerned about privacy, architect Gary Lawrance said the extensive use of glass in residential properties is not uncommon in Long Island's history.

"Living in a glass house isn't really an issue if you have land around you," said Lawrance, author of the book "Houses of the Hamptons, 1880-1930" and owner of Lawrance Architectural Presentations in Stony Brook. Other examples of glass homes on the Island include the Frame House in East Hampton and the Osofsky House on Shelter Island.

During architecture's modernist era beginning in the 1950s and '60s, designers experimented more with glass as a core building material as they focused on minimalism. Although the 1980s post-modernism era of architecture pushed back on those trends, technology today has allowed these modern designs to be more resilient to weather and the ravages of time.

"It's very dramatic to live in a glass house," Lawrance said. Because homes with glass walls can make the space feel even larger, they provide "a feeling of luxury and expansiveness."

But, he said, maintaining the look of one requires dedication to maintaining minimal, aesthetically appropriate furnishing and a clutter-free home.

"Modernist houses are made to be appreciated for their simplicity," he said. "But personally, I like walls."