The May Long Weekend is known in Canada as The Victoria Day Weekend and in the US as the Memorial Day Weekend..Canadians throw a ‘two-four’, the camping gear and a pair of snowshoes into the car and head to the mountains and lakes..In New York City, rich folks head to their mansions in the Hamptons..The ‘poor’ rich, the merely millionaires, endure a six-hour drive from the Big Apple to the Hamptons. .The ‘middle’ rich, the multi-millionaires, pool funds and hire helicopters to get them there..The ‘real’ rich, the billionaires, fly their private jets to the Hamptons’ private airport..What kind of homes do the real rich have in the Hamptons? . Overhead view of a house in the Hamptons, all yours for $72 millionOverhead view of a house in the Hamptons, all yours for $72 million .Perhaps one such as a nine-acre estate, with a 70,000-sq.-ft. mansion, a dock, tennis court and more that has just hit the market at US$72 million..The estate was part of the Hamptons’ area’s largest residential real estate deal of 2021 and is the largest in the area..That deal was an off-market sale of more than 20-acres, valued at more than US$118 million..“The property was the crown jewel of a family compound that was created over a 20-year period. The new buyer saw this as an opportunity to obtain both a waterfront and agricultural compound, with the intention to spin off the largest of the four parcels,” says Preston Kaye, co-founder of Hedgerow Exclusive Properties.. Another overhead view of a house in the Hamptons, all yours for $72 millionAnother overhead view of a house in the Hamptons, all yours for $72 million .Located in the hamlet of Water Mill, the mansion looks out over Burnett Creek and Mecox Bay, says Preston Kaye, co-founder of Hedgerow Exclusive Properties, the agency representing the property..“With direct southern views of the ocean and over 3,000 linear feet of bay frontage, the property sits on its own private peninsula with unobstructed 270-degree views of Mecox Bay,” says Kaye. “The size and scale of the existing dwelling is something that rarely can be achieved on the water in the Hamptons.”.The main residence features 21 bedrooms, including 15 primary ensuite rooms and guest rooms, plus staff quarters consisting of a studio, a two-bedroom apartment and a three-bedroom suite. . Pool area of a house in the Hamptons, all yours for $72 millionPool area of a house in the Hamptons, all yours for $72 million .There are multiple kitchens, as well as oversized windows to frame water views and outdoor spaces. .The grounds include the tennis court, a pool, basketball hoop, a spa and a pool house with retractable doors, plus lots of lounge space. .“Rarely does a home of this size and scale exist on the water, let alone come to market in the Hamptons,” says Kaye..It definitely is for the real rich, with estimates the monthly cost for mortgage, real estate taxes and homeowners' insurance at more than $478,000.
The May Long Weekend is known in Canada as The Victoria Day Weekend and in the US as the Memorial Day Weekend..Canadians throw a ‘two-four’, the camping gear and a pair of snowshoes into the car and head to the mountains and lakes..In New York City, rich folks head to their mansions in the Hamptons..The ‘poor’ rich, the merely millionaires, endure a six-hour drive from the Big Apple to the Hamptons. .The ‘middle’ rich, the multi-millionaires, pool funds and hire helicopters to get them there..The ‘real’ rich, the billionaires, fly their private jets to the Hamptons’ private airport..What kind of homes do the real rich have in the Hamptons? . Overhead view of a house in the Hamptons, all yours for $72 millionOverhead view of a house in the Hamptons, all yours for $72 million .Perhaps one such as a nine-acre estate, with a 70,000-sq.-ft. mansion, a dock, tennis court and more that has just hit the market at US$72 million..The estate was part of the Hamptons’ area’s largest residential real estate deal of 2021 and is the largest in the area..That deal was an off-market sale of more than 20-acres, valued at more than US$118 million..“The property was the crown jewel of a family compound that was created over a 20-year period. The new buyer saw this as an opportunity to obtain both a waterfront and agricultural compound, with the intention to spin off the largest of the four parcels,” says Preston Kaye, co-founder of Hedgerow Exclusive Properties.. Another overhead view of a house in the Hamptons, all yours for $72 millionAnother overhead view of a house in the Hamptons, all yours for $72 million .Located in the hamlet of Water Mill, the mansion looks out over Burnett Creek and Mecox Bay, says Preston Kaye, co-founder of Hedgerow Exclusive Properties, the agency representing the property..“With direct southern views of the ocean and over 3,000 linear feet of bay frontage, the property sits on its own private peninsula with unobstructed 270-degree views of Mecox Bay,” says Kaye. “The size and scale of the existing dwelling is something that rarely can be achieved on the water in the Hamptons.”.The main residence features 21 bedrooms, including 15 primary ensuite rooms and guest rooms, plus staff quarters consisting of a studio, a two-bedroom apartment and a three-bedroom suite. . Pool area of a house in the Hamptons, all yours for $72 millionPool area of a house in the Hamptons, all yours for $72 million .There are multiple kitchens, as well as oversized windows to frame water views and outdoor spaces. .The grounds include the tennis court, a pool, basketball hoop, a spa and a pool house with retractable doors, plus lots of lounge space. .“Rarely does a home of this size and scale exist on the water, let alone come to market in the Hamptons,” says Kaye..It definitely is for the real rich, with estimates the monthly cost for mortgage, real estate taxes and homeowners' insurance at more than $478,000.
