A sprawling equestrian estate in Water Mill, New York, has been listed for $125 million, making it the most expensive residential property currently for sale in the entire state. The vast compound spans over 80 acres and includes a 20,000-square-foot main residence alongside a professional-grade horse training facility.
The listing surpasses the prices of even the most luxurious penthouses in New York City and sets a new benchmark for the Hamptons real estate market. Positioned between Southampton and Bridgehampton, the property offers extensive privacy, surrounded by protected farmland and a nature reserve.
Key Takeaways
- An 80-acre estate in Water Mill, Hamptons, is listed for $125 million, the highest price in New York State.
- The property includes a 20,000-square-foot main house with eight bedrooms and nine bathrooms.
- It features a full-service equestrian facility, Pinnacle Farm, with stables for 20 horses and multiple riding arenas.
- The home was designed by renowned Hamptons builder Jeffrey Collé and includes rare luxury details like antique French fireplaces.
A New Benchmark in Hamptons Real Estate
The nine-figure price tag places this Water Mill property in a class of its own. Listed by Bespoke Real Estate, the compound's value is derived from its immense scale, privacy, and unique combination of luxury living with world-class equestrian amenities.
The estate was assembled from three separate land parcels. Records indicate that developer Ben Ashkenazy and his wife acquired the land in two separate transactions in 2015 and 2016 for a combined total of $26.7 million.
Market Context
While $125 million is the current high for New York, it remains well below the national record. In 2019, billionaire Ken Griffin purchased a Manhattan penthouse for $238 million, which still stands as the most expensive home ever sold in the United States.
The listing also shines a spotlight on Water Mill, a hamlet that is becoming increasingly known for its discreet luxury estates. The area offers a quieter alternative to more bustling Hamptons locales like East Hampton or Montauk, attracting buyers seeking privacy and open space.
Inside the Jeffrey Collé-Designed Mansion
The centerpiece of the estate is its 20,000-square-foot main residence, a project overseen by Jeffrey Collé, a designer and builder known for creating some of the most extravagant custom homes in the Hamptons. His portfolio includes projects for high-profile clients such as Alec Baldwin and Billy Joel.
The home contains eight bedrooms, nine full bathrooms, and four half-baths. It was designed for both comfortable family living and large-scale entertaining, with numerous living spaces that open onto expansive outdoor terraces.
Unmatched Craftsmanship and Detail
The interior is defined by extraordinary details that underscore its luxury status. The home features nine wood-burning fireplaces, each imported from 17th- and 18th-century French chateaus. This adds a layer of historical significance and unique character to the modern construction.
Each of the bathtubs in the mansion was hand-carved from single blocks of Verona stone. According to the listing, the remaining stone from the carving process was then used for flooring and countertops throughout the residence.
These elements create a cohesive design that blends classic European elegance with contemporary Hamptons style, catering to the highest standards of luxury.
A Sanctuary for Equestrian Enthusiasts
What truly sets the property apart is the inclusion of Pinnacle Farm, one of the largest and most comprehensive private equestrian facilities in the Hamptons. This makes the estate a turnkey solution for serious horse enthusiasts, trainers, or competitors.
The farm is a fully operational training center designed for professional use. Its amenities are extensive and cater to every need of horse and rider.
- Boarding Stables: The facility includes a modern barn with 20 stalls for housing horses.
- Riding Arenas: It offers both indoor and outdoor riding rings, allowing for year-round training regardless of the weather.
- Specialized Fields: The grounds feature dedicated jumping arenas and spacious paddocks for grazing and exercise.
- Support Buildings: A separate storage barn provides ample space for equipment, feed, and supplies.
The listing describes the compound as a "true sanctuary," a rare feature even among the most exclusive properties in the region.
Resort-Style Amenities and Grounds
Beyond the equestrian features, the estate's grounds are designed to function like a private resort. The outdoor living spaces are centered around a 25-by-50-foot heated gunite pool, complete with an adjacent pool cabana that features a bar and lounge area for entertaining.
For sports enthusiasts, there is a sunken tennis court. This design provides privacy and protection from the wind, which can improve the quality of play. The surrounding grounds are meticulously landscaped, with gardens and patios offering views of the 184 acres of adjacent farmland and nature reserve.
The location in Water Mill provides convenient access to local beaches, marinas, and the high-end shopping and dining options available in the nearby Hamptons villages. Yet, the property remains a secluded and private retreat, offering a unique blend of accessibility and isolation.
