Photos via Bespoke Real Estate
Article via Mansion Global –
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With a colossal $175 million price tag, a mansion in the Hamptons—the long favored getaway of wealthy New Yorkers—has catapulted itself into the ranks of the most expensive homes available in the U.S. currently.
Not only is it among a handful of the very priciest homes being publicly marketed across the country, it tops the list as the most expensive in New York’s tony coastal enclave.
In fact, the home is more expensive than anything on public listing portals—the priciest home currently listed on Zillow is a Los Angeles mansion asking $160 million.
However outside of those, similarly ultra-high end properties are asking just as much if not more, such as Bel Air’s $225 million Casa Encantada or the Texas ranch asking $220 million. They may just be whisper listings or listings on individual broker’s sites.
Listed with its nine-figure asking price last week, the waterfront spread in Southampton occupies roughly eight acres nestled between the Atlantic Ocean and Shinnecock Bay.
The estate is known as Mylestone, and at its center is a 15,521 square foot, Tudor-style mansion.
“It’s the complete package,” Joseph DeSane, managing director at Bespoke Real Estate, the brokerage handling the sale, told Mansion Global. “Which is what buyers at this price point look to obtain but can rarely find.”
With interiors inspired by its ocean views, the 11-bedroom property is, unsurprisingly, loaded with amenities.
There’s 500 feet of ocean frontage, a private boardwalk to the ocean, terraces, multiple outdoor entertaining spaces, a gym, a caretaker’s cottage, a heated gunite pool, plus basketball and tennis courts, all features that contributed to the property’s price tag.
“When you have a piece of real estate that is truly one of a kind in a market that doesn’t necessarily use quantifiable metrics, a sense of value is really what someone is willing to pay based on pedigree and scarcity,” Mr. DeSane said in an email.
“With that said from offering large acreage, widespan ocean frontage, bay frontage with a dock with water access as well as a full program of large house, pool and tennis on arguably one of the most notable streets in the world—you get one of the most rarefied offerings, and the price reflects that,” he added.
Mylestone is being sold by philanthropist and former advertising executive Marcia Riklis, according to property records. It’s not clear when Ms. Riklis—who could not be reached for comment—purchased the estate, or how much she paid for it.
Right next door is a contemporary compound that was reportedly the most expensive sale in the Hamptons in 2020, after fashion designer Calvin Klein sold it for $84.4 million to billionaire hedge funder, and apparent real estate connoisseur, Ken Griffin.
The Real Deal first reported the listing.
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