A Bridgehampton vacationer has paid $500,000 to rent luxury homebuilder Joe Farrell’s 31,000-square-foot Sandcastle home for the first two weeks in July. That works out to $35,000 per day, or as the renter’s agent, Evan Kulman of the Corcoran Group, put it, “the highest rental transaction ever in the Hamptons.” Farrell currently lives in the nine-bedroom, 11-and-a-half-bathroom home, on the market for $49.5 million, with his family. The 612 Halsey Lane mansion, which isn’t on the water, sits on a 11.5-acre lot that includes a two-lane bowling alley, a climbing wall and a skateboard half-pipe. Last summer, MTV’s “Teen Cribs” filmed an episode there and a representative for the Jonas Brothers checked out the place on their behalf, though the boy band decided against renting it. The home was eventually rented to another taker for two weeks last August for $425,000. Farrell first listed Sandcastle for sale for $50 million last year, then increased the price to $59.5 million before the latest price cut. [Newsday]

From the August issue: In the Hamptons, as high-end builder Joe Farrell can attest, $5 million
is the new $10 million. Farrell, who founded his Bridgehampton-based
Farrell Construction in 1996, has built homes for talk show host Kelly
Ripa, actor Kelsey Grammer and former New York City mayor and
presidential candidate Rudy Giuliani. Indeed, he has recently made headlines for “Sandcastle,” the
30,000-square-foot home he built on Halsey Lane in Bridgehampton, which
is on the market for $59.5 million. Last month, after the Jonas Brothers, the pop music superstars who
had been prepared to rent it, backed out, he found a taker willing to
shell out $425,000 for a two-week stay this summer. Comments

• Tweet

The Jonas Brothers pop group is reportedly on the verge of buying a mansion in Alpine, NJ, where stars like Britney Spears also have homes. The pop star brothers are apparently negotiating a deal on a five-bedroom, 8,000-square-foot home that is priced around $10 million. The property went on the market unofficially for $12 million at the end of April. The three Jonas brothers grew up in nearby Wyckoff, NJ. They were reportedly looking for a rental home recently in the Hamptons.

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. [more]

Newsday takes a video tour of the Sandcastle at 612 Halsey Lane in Bridgehampton, a 30,000-square-foot home which the Jonas Brothers
pop group was reportedly scoping out for a summer rental. The home,
which was built over a year and a half ending this month, according to
its developer Joe Farrell, is decked out with a 2,800-square-foot
master suite, bowling alley, rock climbing wall, a room for model trains,
media room, gym and spa with heated massage tables. [more]

The pop group Jonas Brothers is looking for a rental house in the
Hamptons, according to the Post. So far, the young brothers have
checked out Sandcastle, developer Joe Farrell’s 31,000-square-foot
house at 612 Halsey Lane in Bridgehampton, which comes with a
skateboarding ramp, bowling alley, rock-climbing wall and recording
studio. Farrell said he wants to rent out the home for just two weeks
for $500,000, although another potential renter offered him $1.5
million for the summer. The brothers also looked at the Water Mill home
that was the centerpiece of Henry Ford II’s estate. The
33,000-square-foot home has a game room, tennis court and 1,000 square
feet of oceanfront.