$175 Million Listing in the Hamptons Is Actually Worth the Asking Price


The prices just get crazier and crazier in the Hamptons, with stratospheric prices asked for trophy homes. In this case, though, we reckon the ridiculous asking price of $175 million for a listing on Jule Pond Drive isn’t so ridiculous. It’s 42 acres, for heaven’s sake, with almost a quarter mile of oceanfront (1,286 linear feet). The property is bordered by three ponds with unobstructed views of Mecox Bay and the ocean. There’s even reserve land to the southeast, which adds an even longer unobstructed ocean view.

All photos via Bespoke RE

To compare: 1080 Meadow Lane is asking $150 million for 14 acres. It’s possible Meadow Lane is a slightly more desirable address, but still. Briar Patch in East Hampton is asking around $140 million for 11.2 acres on Georgica Pond. Granted, that house is nicer than Jule Pond or Meadow Lane, but it’s not oceanfront. The only listing on the market that we might think compares is Tick Hall, which is asking $62 million for nearly 20 acres of oceanfront in Montauk. Tick Hall is an amazing house, but not necessarily to everyone’s taste, and Montauk is a good 45 minutes farther east in the summer from Water Mill. So, while the price of Jule Pond is extraordinary, we think it compares extremely well with other high-end properties on the market. (Jule Pond is represented by Zach and Cody Vichinsky of Bespoke Real Estate.)

Of course everything is huge and lavish. A 20,000 square foot house, with twelve bedrooms and twelve bathrooms. The style is a vaguely midcentury French, which isn’t our favorite (we tend to like plain, simple Shingle Style in our mansions), but is basically fine, and makes an attractive backdrop for the owner’s collection of contemporary art. Outside, there’s a 60′ pool, tennis court, basketball court, Fives court (just kidding, though we might put one in for the heck of it), greenhouse, koi pond, duck walks to the ocean, and a three-bedroom carriage house.

For more, click here. 90 Jule Pond Drive, Water Mill