Two-week Hamptons rental goes for $425,000

An Eastern European businessman will be paying $425,000 to rent a Hamptons home for two weeks in August, the most money ever paid for a two-week East End rental. The 30,000-square-foot home, called Sandcastle, at 612 Halsey Lane in Bridgehampton, is also on the market for $59.5 million. The home, built and owned by developer Joe Farrell, includes a bowling alley, squash court, rock-climbing wall, spa and pool. Pop group Jonas Brothers reportedly looked at the house as a possible summer rental. Another house Farrell is working on, at 64 Bridge Lane in Bridgehampton, is in contract for around the asking price of $4.9 million.