Even in the Hamptons, a $75 million asking price for a house is noteworthy. But, all things considered, and given the insane amounts being spent across the Hamptons lately, it may actually be a fairly reasonable asking price for this property, dubbed Oceancastle.
After all, a comparatively puny 0.7-acre oceanfront parcel sold earlier this year to New England Patriots owner Robert Kraft for $43 million, and last year hedgie Ken Griffen paid $84 million for a seven-acre nearby estate once owned by Calvin Klein. Plus, the $175 million asking price of the eight-acre Meadow Lane estate of Marcia Riklis — the would be Pia Zadora‘s ex-stepdaughter! — makes Oceancastle’s asking price seem almost like a bargain.
The estate boasts 8.3 acres, along with 512 feet of ocean frontage and a magical mansion built in 1929. Listed with Hamptons superagent Tim Davis of Corcoran, the house does need some renovation and upgrades. But the way we see it, they knew how to build in 1929, and this house has withstood some fearsome storms in its time, including the Long Island Express hurricane of 1938. The property also includes a bay-front parcel with a dock for your boat.
The massive, 300-foot-long house rambles along the dunes with a 900-plus-square-foot living room contained within its roughly 19,000 square feet. With a total of 19 bedrooms and 10 full and two half bathrooms across the compound, there are seven oceanfront suites in the main house, plus a four-bedroom staff wing, a guest apartment and an attached guest “cottage” along with a separate residence for guests or staff. There’s also a gym with sauna, an art gallery, a “Coney Island inspired” game room, an oceanside pool and a tennis court.