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.