Bridgehampton ‘Teen Crib’ rents for $500K for two weeks

New York /
Apr.April 14, 2010 01:35 PM

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]


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Barstool Sports founder Dave Portnoy (Getty)
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
1 Central Park West and Andrew Napolitano with Donald Trump (Trump Org, Getty, iStock)
Judge Andrew Napolitano ditches Trump condo after Fox News ouster
Judge Andrew Napolitano ditches Trump condo after Fox News ouster
Alex Rodriguez - businessman, philanthropist and former professional baseball player - in front of the Beresford (Getty Images, Wikipedia/David Shankbone, Illustration by Steven Dilakian for The Real Deal)
A-Rod’s $10M co-op deal approved after “tantrum”
A-Rod’s $10M co-op deal approved after “tantrum”
Justin Timberlake - celebrity singer, songwriter, producer and actor - in front of 443 Greenwich (Wikipedia/Gage Skidmore, Compass, iStock/Illustration by Steven Dilakian for The Real Deal)
Justin Timberlake says “Bye Bye Bye” to 443 Greenwich
Justin Timberlake says “Bye Bye Bye” to 443 Greenwich
Country superstar Kenny Chesney (Zillow, Getty Images, iStock)
Better boat? Kenny Chesney sells Nashville-area home
Better boat? Kenny Chesney sells Nashville-area home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...