Southampton Sprawl, Estate of the Day
Another tremendously expensive property has gone on the market in the Hamptons. Braden Keil's Gimme Shelter column in the NY Post reported on today's estate, a 12-bedroom home that is nearly 18,000 square feet. The property is owned by Juergen Friedrich, who ran the European division of Esprit sportswear and has spent a great deal of money updating the home, which was built in 1902 and designed by Grosvenor Atterbury. The country home sits on 9.11 acres that include old trees, flowering shrubs, evergreen perimeters, rose gardens. indoor pool, outdoor pool with pavilion, tennis court, paddle court, gymnasium, carriage house and a four-car garage. At nearly 3,000 square feet, the master bedroom suite is larger than many homes. What may hurt it on the real estate market is that it is not on the water. But if you can live without that, it's a pretty impressive property. It is listed at $67.5 million.
UPDATE: This home is now listed at $49.5 million.
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Reader Comments (Page 1 of 1)
Veronica Jun 30th 2008 12:57PM
Nicely done! I wish I could buy it! And who needs the beach with digs like these. But considering it is the Hamptons the price is high for no water view and very little land.
zzoeyy Jun 28th 2008 9:57AM
where they getting 67 million? I don't see it. Its nice but no water view? 67 million?
IlVEL Jun 29th 2008 5:19PM
its nice??? for me, you can clearly see or imagine the 67 million!!
its the location (Hamptons probably the most expensive property market in the USA), its the size (probably one of the biggest estates in the hamptons), its the living space, its the substance of the estate, which was build in the 1910's by lloyd smith, its the redecoration by jürgen friedrich who spend 10's of millions after he bought it. 5 reasons x 10 million = 50 million. there must be another two!! i'll search them ;-)