Hold on to your saddles!
A massive horse estate in Water Mill has been listed for $125 million, claiming the title of the most expensive home now for sale in New York’s exclusive Hamptons, according to listings portal Out East.
Owned by real estate developer Ben Ashkenazy and his wife, Debra, this 76-acre property is up for grabs after the pair amassed the spread for a total of $26.7 million in 2015 and 2016, according to the Wall Street Journal.
Michael Cantwell of Bespoke Real Estate, which has the listing, told the outlet that the property is also “the largest horse compound in the Hamptons.”
Its market debut comes after the former End’s highest-end property — the ocean-view Dune Cottage in East Hampton — slashed its $120 million asking price to $95 million after seven weeks on the market.
This newly listed offering features a 20,000-square-foot, eight-bedroom residence built in 2012 by Jeffrey Collé.
Cantwell highlights its lavish details, including “nine fireplaces with wood salvaged from 17th- and 18th-century French forts” and “hand-carved limestone and marble bathtubs.”
The lobby’s parquet floors, made from centuries-old French oak barns, mimic the grandeur of Versailles.
The exterior of the property boasts a swimming pool, a pool house, a storage shed and a sunken tennis court. It also includes Pinnacle Farm, a premier horse training facility purchased by Ashkenazy in 2016, with a 16-stall barn, 11 paddocks, and indoor and outdoor riding arenas.
The estate adjoins a 184-acre agricultural preserve, the largest contiguous preserve in the Hamptons.
Ashkenazy, known for his acquisition of Manhattan-based Ashkenazy, which owns a stake in New York’s Plaza Hotel, scooped up the property for family-related pursuits.
“He nurtures the family’s passion for horses and the ardent game of polo,” Cantwell said.
The property, which was previously listed for rent asking $125,000 per month, is located in the rural, sought-after Watermill area, attracting buyers looking for spacious properties.
“Outside of the big oceanfront properties, that’s where people have been able to create these kinds of aggregations,” Cantwell said. “It’s probably one of the only places left [in the Hamptons] where you have this ability to have this kind of massive surface area.”
Water Mill’s real estate market is booming, with sales more than doubling in the second quarter compared to last year.
The average sale price is now $5.7 million, up 16.9% year over year.
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Fuente de la imagen: nypost.com
