Blaze broke out at East Hampton Village home Wednesday afternoon . Roof caught fire and collapsed , leveling the property . Bulldozers were clearing the house at 5pm . By Thursday morning the estate was nothing but a burnt out shell . The 10-bedroom oceanfront is owned by Hard Rock Cafe tycoon Peter Morton and his children . It was bought in 1998 for $ 10 million and last appraised in 2008 for $ 21.5 million . Cause of the fire now under investigation .
Blaze broke out at the East Hampton Village home Wednesday afternoon . Roof caught fire and collapsed , leveling the property . Bulldozers were clearing the house at 5pm . By Thursday morning the estate was nothing but a burnt out shell . The 10-bedroom oceanfront is owned by Hard Rock Cafe tycoon Peter Morton and his children . It was bought in 1998 for $ 10 million and last appraised in 2008 for $ 21.5 million . Cause of the fire now under investigation .