A 42-acre estate in the Hamptons is set to sell at a record-breaking price after nearly 4 years on the market

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The 42-acre Southampton estate has nearly a quarter-mile of private beach.

A 42-acre estate in the Hamptons that was asking $145 million is in contract to sell for a record-breaking price, Jennifer Gould reported for the New York Post.

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The borders of the property are outlined in white.

Bespoke Real Estate, the brokerage handling the deal, did not disclose a final sale price but said on Facebook that it would be “the highest price achieved for a single property in the Hamptons’ history.”

The identity of the buyer is unknown, but Zach and Cody Vichinsky of Bespoke Real Estate told the Post that the buyer is from an “American real-estate family” that’s not based in New York. The brokerage did not immediately respond to Insider’s request for comment.

Jule Pond’s current owner is portfolio manager Brenda Earl, who bought the property in 2002.

The Jule Pond estate in Southampton hit the market in August 2017 for $175 million, but after nearly four years and several price chops, it was most recently listed for $145 million.

jule pond estate

The record for the most expensive home sold in the Hamptons is held by hedge-fund billionaire Barry Rosenstein, who bought an East Hampton property for $147 million in 2014. 

Jule Pond would have to sell over its asking price to break that record. But Zach and Cody Vichinsky told the Post that the East Hampton estate was a combination of multiple adjacent properties and that Jule Pond would be the priciest single parcel ever sold.

Either way, Jule Pond would likely be the priciest home ever sold in Southampton. Last year, billionaire Ken Griffin paid $84.4 million for fashion designer Calvin Klein’s modern compound on Southampton’s “Billionaire Lane.”

Jule Pond, which was once part of a larger property called “Fordune,” was originally built for Henry Ford’s grandson.

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The home was built in 1960, and many of its original architectural details have been maintained.

It boasts a stretch of beach that spans nearly a quarter mile, the largest ocean frontage in the Hamptons, according to the listing.

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Source: Bespoke Real Estate

It also fronts several ponds, including its namesake Jule Pond.

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Source: Bespoke Real Estate

A stately driveway lined with manicured hedges leads to the main house.

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Source: Bespoke Real Estate

Inside, you’ll see ornate chandeliers and Italian marble fireplaces.

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Source: Bespoke Real Estate

The main home has 20,000 square feet of living space with 12 bedrooms and 12 bathrooms.

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Source: Bespoke Real Estate

Large windows show off panoramic views of the grounds.

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Source: Bespoke Real Estate

A massive kitchen leaves plenty of space for cooking and entertaining.

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Source: Bespoke Real Estate

There’s also a library that opens onto a koi pond with a waterfall.

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Source: Bespoke Real Estate

Hedges surround the 20-foot pool …

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Source: Bespoke Real Estate

… and a path leads down to the beach.

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Source: Bespoke Real Estate

To the northeast, the property borders a swath of reserved land, which adds another quarter mile of unobstructed views.

jule pond estate

Source: Bespoke Real Estate

In addition to the main house, the estate includes a garage that can hold at least six cars, a greenhouse, a tennis court, a basketball court, and a three-bedroom carriage house.

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Source: Bespoke Real Estate

The pending Jule Pond sale comes as the Hamptons real-estate market has exploded during the pandemic.

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While the Hamptons have long been home to coveted property, demand has surged over the past year as affluent New Yorkers have left the city for the seaside villages in New York’s Long Island.

As Juliana Kaplan reported for Insider, buyers have been snapping up luxury homes left and right, leading to bidding wars and the median sales price soaring to $8.8 million in the third quarter of 2020.

According to the Real Deal, at least 11 Hamptons homes sold for more than $30 million last year.

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Donald Trump Jr. and Kimberly Guilfoyle just sold their Hamptons house for $8 million – nearly double what they paid for it in 2019. Look inside the 7-bedroom home.

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The Bridgehampton home sits on 3.9 acres in a gated community.

Donald Trump Jr. and his girlfriend, former Fox News host Kimberly Guilfoyle, just sold their house in the Hamptons for $8.14 million, a source close to Guilfoyle confirmed to Insider.

donald trump jr hamptons house
Trump and Guilfoyle’s bought the Bridgehampton home almost two years ago.

The couple nearly doubled the return on their investment in the Bridgehampton home, which they purchased for $4.4 million in the summer of 2019.

The home was not publicly listed, according to Page Six, who first reported the deal. James Giugliano and Shawn Egan of Nestseekers brokered the deal, per the Page Six report. The agents didn’t immediately respond to Insider’s request for comment.

Trump Jr. and Guilfoyle, who have been together since at least June 2018, are now looking for a home in Florida as the rest of the Trump family relocates to the Sunshine State, the source close to Guilfoyle said.

Kimberly Guilfoyle and Donald Trump Jr.
Guilfoyle and Trump Jr. at a Ted Cruz Rally in Texas in October 2018.

In January, virtually the entire Trump family made moves to Florida.

Former president Donald Trump and Melania Trump left Washington, DC hours before Biden’s inauguration and took up residence in Trump’s Mar-a-Lago club. 

The day before, The Wall Street Journal reported that Ivanka Trump and Jared Kushner signed a lease for a “large, unfurnished unit” in a Miami Beach condominium building for at least a year. This move came after the couple bought a $32 million lot in December on a high-security private island in Miami that’s known as the “Billionaire Bunker.” 

Page Six reported at the time that Tiffany Trump was also looking for property in Miami. 

Trump Jr. and Guilfoyle’s sale of their Bridgehampton pad comes as the Hamptons real-estate market has boomed during the pandemic.

donald trump jr hamptons house

The exclusive strip of villages on New York’s Long Island has seen bidding wars and homes flying off the market at record prices, Insider’s Juliana Kaplan recently reported.

The 9,200-square-foot Bridgehampton home sits on nearly four acres in a private gated community, according to a former listing.

donald trump jr hamptons house

The living room features a fireplace and high ceilings.

A formal dining room seats at least eight people.

donald trump jr hamptons house

Source: Corcoran

Another dining area is just off the kitchen.

donald trump jr hamptons house

Source: Corcoran

The spacious, farmhouse-style kitchen is divided by a large island.

donald trump jr hamptons house

Source: Corcoran

The kitchen leads out to a screened patio overlooking the pool.

donald trump jr hamptons house

Source: Corcoran

The home’s master suite has its own sitting area and private deck.

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Source: Corcoran

There are six other bedrooms in addition to the master suite.

donald trump jr hamptons house

Source: Corcoran

And they each come with an en-suite bathroom.

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In total, the home has 10.5 full bathrooms and one half-bathroom.

The listing photos show multiple sitting areas throughout the house.

donald trump jr hamptons house

Source: Corcoran

A game room with a billiards table opens up to one of the decks.

donald trump jr hamptons house

Source: Corcoran

The house is minutes from the beach and includes large mahogany and stone patios, a heated pool and spa with a waterfall, and waterfront access to a 25-acre pond.

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The Bridgehampton home sits on 3.9 acres in a gated community.

Source: Corcoran

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