In the Hamptons, an acre of undeveloped land near the sea will cost you around one million dollars. So, as you can image, 42 fully manicured seaside acres with more than a quarter mile of beach – more than any other property on Long Island – was not going to be cheap. The estate we are describing, which was once the home of Henry Ford II, was sold for the bus. $ 145 million.
When it was originally listed in 2017, the asking price of $ 175 million was around $ 30 million, more than any home in Hampton.
The 42.13-acre property has the largest privately owned undisturbed sea border on Long Island. It has a basketball court, tennis court, greenhouse, pool, hot tub and a 20,000-square-foot main house.
Here is a video tour of a truly stunning property:
The property has a rich history that is one of the greatest fortunes in American history. Contrary to what you may believe, Henry Ford II, AKA “Hunk the Deuce” (not on his face), was the grandson of Henry Ford I. No son Hank Deuce was born in 1917 to Eleanor and Edsel Ford. Edsel was the only child of Henry Ford.
Henry Ford II married Anne McDonnell in 1940. They had three children together. Anne was a socialite who grew up in Southampton. Perhaps at her insistence, in the late 1950s, Anne and Hank acquired 235 acres of seaside Southampton real estate and began construction of a mansion.
By 1960, he had finally completed the 16,000-square-foot mansion. He named his new property Fordune.
Henry and Anne left no stone unturned in the making of Fordune. He used the most expensive building materials, imported fine Italian marble for the fireplace, introduced antique hardware and even intricate roof decorations from a European chateau – all of which are still on display at home.
Unfortunately for Hank Deuce, Anne filed for divorce in 1964.
Worse, Anne finds Fordune.
Anne soon oversaw a 235-acre subdivision at several properties. He wisely donated the land to a conservation society, ensuring that the property would never have any left or right nearby neighbors.
In 1978 Anne sold the Fordune to an Italian financier named Carlo Treglio.
Price in 1978?
$ 1.8 million
Even after adjusting for inflation, it is “only” $ 7 million. Today $ 7 million MIGHT gets you a mansion with telescopic views of the ocean on one acre.
Truglio sold the house to a financier named Brenda Earl in 2002. Price in 2002?
$ 21.75 million
Brenda Earl earned her fortune as a partner in a private equity firm called Zweig-DiMenna, according to Brenda’s biography, in 2004, when she was named one of the top 100 women’s hedge funds in Hwy-Dimoda in 1987. Was named as The firm had assets of just under $ 15 million under management (AUM). It helped the firm’s AUM grow to a peak of $ 8 billion.
Earl underwent a major renovation in 2008, which eventually expanded the square footage from 16,000 to 20,000.
As we have previously noted, Brenda originally listed the property for $ 175 million in 2017. This would be enough to set an all-time Hampton record of around $ 30 million. According to our tracking, at today’s sale price of $ 145 million, it is the most expensive home sale in Hampton’s history. Brenda missed a record of just $ 2 million.
In May 2014, a hedge fund manager named Barry Rosenstein paid $ 147 million for an Oceanfront estate in East Hampton. This sale is the fourth most expensive home sale in American history. Today’s Southampton sale is the third most expensive.
There is no word on the identity of the new owner, as it is from an “American real estate family”.
We will update you when we know the new owner’s identity!