A 42-acre estate in the Hamptons is set to sell at a record-breaking price after nearly 4 years on the market

A 42-acre estate in the Hamptons that was asking $145 million is in contract to sell for a record-breaking price, Jennifer Gould reported for the New York Post.

The borders of the property are outlined in white.

Bespoke Real Estate

Bespoke Real Estate, the brokerage handling the deal, did not disclose a final sale price but said on Facebook that it would be “the highest price achieved for a single property in the Hamptons’ history.”

The identity of the buyer is unknown, but Zach and Cody Vichinsky of Bespoke Real Estate told the Post that the buyer is from an “American real-estate family” that’s not based in New York. The brokerage did not immediately respond to Insider’s request for comment.

Jule Pond’s current owner is portfolio manager Brenda Earl, who bought the property in 2002.

The Jule Pond estate in Southampton hit the market in August 2017 for $175 million, but after nearly four years and several price chops, it was most recently listed for $145 million.

jule pond estate

Bespoke Real Estate

The record for the most expensive home sold in the Hamptons is held by hedge-fund billionaire Barry Rosenstein, who bought an East Hampton property for $147 million in 2014. 

Jule Pond would have to sell over its asking price to break that record. But Zach and Cody Vichinsky told the Post that the East Hampton estate was a combination of multiple adjacent properties and that Jule Pond would be the priciest single parcel ever sold.

Either way, Jule Pond would likely be the priciest home ever sold in Southampton. Last year, billionaire Ken Griffin paid $84.4 million for fashion designer Calvin Klein’s modern compound on Southampton’s “Billionaire Lane.”

In addition to the main house, the estate includes a garage that can hold at least six cars, a greenhouse, a tennis court, a basketball court, and a three-bedroom carriage house.

jule pond estate

Bespoke Real Estate

Source: Bespoke Real Estate

The pending Jule Pond sale comes as the Hamptons real-estate market has exploded during the pandemic.

jule pond

Bespoke Real Estate

While the Hamptons have long been home to coveted property, demand has surged over the past year as affluent New Yorkers have left the city for the seaside villages in New York’s Long Island.

As Juliana Kaplan reported for Insider, buyers have been snapping up luxury homes left and right, leading to bidding wars and the median sales price soaring to $8.8 million in the third quarter of 2020.

According to the Real Deal, at least 11 Hamptons homes sold for more than $30 million last year.

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