This Bridgehampton Listing Has Been Reduced From $75 to $50 Million



This 60-acre Bridgehampton spread has been reduced from $75 to $50 million.Some property listings seem to languish for years without any buyers—even in a hot market. Take Three Ponds Farm in Bridgehampton, a 60-acre estate that was first listed for $75 million in 2003 and is currently available for $50 million from Dana Trotter of Sotheby’s. The property includes a 25,000-square-foot main house, a grass tennis court, three ponds, and an 18-hole golf course designed by Rees Jones, but despite all the bells and whistles, it has proven to be a tough sell. Could its location off busy Scuttle Hole Road have something to do with it? Maybe, but it also takes a particular golf-obsessed buyer to shell out the steep annual course maintenance fees. Nevertheless, “residential golf courses are not common, even in the Hamptons,” says Chris Chapin, a broker at Douglas Elliman, who describes the property as a potential ace in the hole. “I could see this ending up in a bidding war, and whoever buys it could turn a handsome profit by flipping it in a few years.”

Stats
8 Bedrooms
10 Bathrooms
20,000 sq. ft.
$50 Million

Contact: Dana Trotter at Sotheby's International Realty, sothebyshomes.com

The sprawling main house was designed by architect Allan Greenberg.The sprawling main house was designed by architect Allan Greenberg.

 

The domed great room is filled with light.The domed great room is filled with light.

 

A marble fireplace anchors the grand living room.A marble fireplace anchors the grand living room.

 

The chef's kitchen features top-of-the-line appliances.The chef's kitchen features top-of-the-line appliances.

 

The breakfast room looks out over the patio.The breakfast room looks out over the patio.

 

There is plenty of entertaining space in the formal dining room.There is plenty of entertaining space in the formal dining room.

 

The spacious master bedroom.The spacious master bedroom.

 

A peek at the master bathroom.A peek at the master bathroom.

 

A covered loggia features outdoor living and dining rooms.A covered loggia features outdoor living and dining rooms.

 

The pool and its surrounding lounging space is a great spot to relax.The pool and its surrounding lounging area is a great spot to relax.

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