Joe Farrell lists “Sandcastle” megamansion for $50M

Prolific Hamptons developer turned down $43.5M offer in 2013

TRD NEW YORK /
Mar.March 15, 2018 10:30 AM

Joe Farrell and “Sandcastle” mansion

Hamptons developer Joe Farrell has put his “Sandcastle” mansion on the market for $50 million.

The 15-bedroom Bridgehampton home at 612 Halsey Lane spans 17,000 square feet with amenities like a spa, bowling alley and baseball field, the New York Post reported.

Farrell is asking $49.95 million, a 15 percent premium over the $43.5 million offer he got for the property in 2013. In 2014, Farrell was looking to rent it out on a short-term basis for $1 million per month.

The developer spent eight years living in the mansion – the longest amount of time he’s ever spent in one home. He said it’s time to downsize.

“We’re building something more modern and manageable,” he explained.

Celebrities like Jay-Z and Beyoncé have rented the home. Farrell and his wife early last year bought a second apartment at 510 Park Avenue for $4.4 million. [NYP]Rich Bockmann


Related Articles

arrow_forward_ios
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Joe Farrell’s not-so-sad saga

Joe Farrell’s not-so-sad saga

Web searches for terms including “homes for sale” are way down up north. (Credit: Pixabay)

Fewer Canadians are searching for homes online amid pandemic

The superrich are fleeing NYC in droves, pushing South Fork rental prices way up. (Credit: Sue via Flickr)

“I’ve got a blank check. Make it happen:” Hamptons brokers on the great coronavirus migration

Massive stimulus package has limited upside for real estate

Massive stimulus package has limited upside for real estate

About 450 sellers pulled their listings last week (Credit: iStock)

As New York shut down, so did its resi market

Is REBNY and StreetEasy’s decision a much-needed reprieve or data manipulation? (Credit: Pixabay)

Decision by StreetEasy, REBNY to stop market clock triggers debate

arrow_forward_ios
Loading...