For the first time in decades, a waterfront estate in Southampton, NY, known as “Ocean Dream” has washed onto the market. The 80-year-old abode is now available for $49 million, and ranks as this week’s most expensive new listing on realtor.com®.
The owners, a couple who fell for each other, and then this Hamptons home, purchased the place back in the late 1990s, according to the website 27east.com.
It had been owned by Anne Ford, the daughter of Henry Ford, before being sold to George and Patty Kraus in January 1998 for $5.5 million. Given the location, the couple considered the price “the last bargain on the East End.”
A bargain no more, the home with a “sterling provenance” sits on a private drive off exclusive Gin Lane.
Built in 1940, the 7,500-square-foot, shingled home is wrapped with porches and decks on the first and second floors, allowing for indoor-outdoor living and entertaining. A path leads to the beach, and French doors open out to the pool.
The couple reportedly overhauled the place after they bought it, tapping William Sclight, a well-known Hamptons architect based in Water Mill, NY, for the job. That was decades ago, and a buyer will probably plan to make a few updates to the interior.
Guests enter into a front foyer with a view straight through to the ocean-side covered deck. The layout incorporates nine bedrooms, nine full bathrooms, and three partial baths.
Other key spaces include a living room, media room, sunroom, formal dining room, butler’s pantry, and dine-in kitchen with morning room. Several French doors open to the decks overlooking the pool.
On the second floor, you’ll find the master suite with multiple dressing rooms and access to the ocean-view deck. Additional spaces include a third-floor family room, office, a gym, staff quarters, three-car garage, and connecting poolhouse.
The listing calls the home “well-loved and maintained for generations,” and a “rare opportunity to own one of Southampton’s finest oceanfront estates.”
Set on 3.7 acres, the home offers private access to the beach, manicured landscaping, a grass tennis court, and a putting green. Shopping and restaurants are a short distance away.
Harald Grant with Sotheby’s International Realty-Southampton Brokerage holds the listing.