If you'd like to join Richard Gere in the New York inn business here's your chance. As Newsday's Real LI reports the Village Latch Inn in Southampton just went on the market for $24.75 million. One family has owned the five-acre property for decades. The complex includes a number of outbuildings-- Terry House, the Potting Shed, Homestead East and Homestead West among others, which were originally a part of the adjacent Merrill Lynch estate. The grounds are also home to a Victorian greenhouse, private villas, a pool, tennis courts and more.
According to the listing there are 67 uniquely decorated rooms, some with fireplaces, balconies or decks. It's a Hamptons plum partly because pre-existing zoning conditions allow for a variety of possibilities including future development. Or you could just keep it all to yourself and create your own family compound.
Gallery: The Village Latch Inn