The most expensive single-family home in the Hamptons is now in contract for a whopping $145 million. 

Which is a bargain considering it was first listed for $175 million in 2017.

Bespoke, a brokerage firm that shares the listing with Sotheby’s, announced on social media that the massive, 42-acre compound is

“the most expensive sale in the history of the Hamptons.”

(A combination of multiple properties previously sold for $147 million, but this is the largest amount ever for a single home. (The buyer is said to be from an “American real estate family” not based in New York.) 

Zach Vichinsky of Bespoke said,

“It was a relatively quick deal. This was a passion driven purchase for a trophy property. The buyer has an appreciation of the unique nature of the property. The entire recipe was something that resonated with them.”

According to the NY Post, the seller is Brenda Earl who paid $22 million for the property in 2002. 

The Jule Pond mansion comes with a 48-foot-long living room, built in 1957 and was built by Henry Ford’s grandson. It was known as Fordune.

In addition to the 12-bedroom, 12-bathroom, 20,000-square-foot main residence, the property features a guest house, and has the largest ocean frontage in the Hamptons at close to a quarter of a mile, according to the listing. The compound also includes protected and preserved land, a pond large enough for kayaking, a carriage house, pool, a six-car garage, tennis & basketball courts, an outdoor kitchen, formal garden with Koi pond and a waterfall. 

Another top broker in the area said snarkily that the property,

“claims to be oceanfront but it is really set back from the water.”

The deal dwarfs the top pandemic-era trades in the hot Hamptons real estate market, where hedge fund manager Ken Griffin bought Calvin Klein’s South Hampton oceanfront estate for $84.4 million.

(via Mansion Global)