The Real Deal Tristate

Bridgehampton compound sells to Arbor Realty Trust CEO at a $14M discount

The massive compound hit the market more than a decade ago at twice the price
May 30, 2019 05:45PM

Arbor Realty Trust CEO and president Ivan Kaufman and the compound

Arbor Realty Trust CEO and president Ivan Kaufman and the Three Ponds Farm estate

Arbor Realty Trust CEO and president Ivan Kaufman is in contract to buy Three Ponds Farm in Bridgehampton for $35 million, the New York Post reported. While it’s far from a steal, the sale price is down significantly from the $49 million it was most recently asking.

The nearly 60-acre compound, which includes an 18-hole golf course, was designed by renowned golf course architect Rees Jones. The property features four shared greens and four fairways with three sets of tees. The 25,000-square-foot main house, designed by Allan Greenberg, has eight bedrooms, 10 bathrooms, three half-bathrooms and five fireplaces. Other outdoor amenities include a pool, pool house, spa and a grass tennis court.

The property first hit the market back in 2003 with an asking price of $75 million. Four years later, the price was cut down to $68 million. It was relisted back in December at $49 million.
Bespoke Real Estate’s Zachary Vichinsky, one of two broker brothers who this month topped The Real Deal‘s ranking of the East End’s elite ultra luxury brokers, had the listing. [NYP] — Aidan Gardiner