Portfolio manager Brenda Earl, a former partner at equity fund Zweig-Dimenna, will list her massive Hamptons estate for $175 million, making it the most expensive property on the market in the Hamptons.
Earl acquired the massive oceanfront estate, which was originally built for Henry Ford, in 2002, records show. Known as Fordune, the compound sits on 42 acres and comprises a 20,000-square-foot main house with 12 bedrooms, a carriage house, basketball and tennis courts, a 60-foot pool and a six-car garage.
The property dates back to 1960 and has three separate wings, including one with its own separate entrance, according to previous reports.
Ford’s first wife, Anne McDonnell, took title to the property after divorcing him. She reportedly sold it to Italian financier Carlo Traglio for just $1.8 million in 1975. It wasn’t immediately clear what Earl paid for the property. She bought it under the guise of an LLC, Yumi & The Kids, registered to her address at 1165 Fifth Avenue.
If it sells for its asking price, the property would be the most expensive home ever sold in the Hamptons. The record price paid for a U.S. property was set by another Hamptons property in 2014, when hedge fund manager Barry Rosenstein, of Jana Partners, paid $147 million for a home in East Hampton.
The most expensive home currently on the market in the U.S. is the Bel Air home of late Univision chairman Jerrold Perenchio, which hit the market earlier this month for $350 million.