A luxurious waterfront mansion located in the Hamptons and which once belonged to Henry Ford's daughter Anne Ford is now for sale for the first time since way back in 1998. This stunning property can be yours for $49 million, making it the most expensive new listing according to a recent Realtor.com story. Over the past 22 years, the price has significantly increased, showcasing the immense value of this historical estate.
Back in 1998, George and Patty Kraus purchased this home from Ford for just $5.5 million, famously labeling it as "the last bargain on the East End." However, it’s clear that this home is no longer considered a bargain. As the official listing suggests, it still holds considerable worth for someone looking to invest in luxury real estate.
Described as "Ocean Dream," this elegant shingle-style home boasts an array of features designed for luxurious living and entertaining. With covered porches and decks wrapping around the first and second floors, this residence offers endless opportunities for indoor-outdoor living. The property includes a private road leading to the front drive, a manicured grass tennis court, exquisite landscaping, nine bedrooms, nine baths, and a spectacular view of the ocean.
Key Features of Ocean Dream
This property is not just about its size; it’s about the lifestyle it offers. The home opens to a grand front entry foyer that leads directly to ocean-side covered decks, allowing for breathtaking views. Several French doors lead to decks that overlook the pool, golf putting green, and more. Facilities like a workout room, staff quarters, an attached three-car garage, and a connecting pool house add to the allure of this estate.
A Historical Gem in Oceanfront Living
Built in 1940, the Ocean Dream spans an impressive 7,500 square feet on a beautifully landscaped 3.7-acre oceanfront lot. It was extensively updated during the Krauses' ownership in the 90s, although prospective buyers should be prepared to invest in further renovations to maintain its grandeur.
This estate not only represents luxury living but also a piece of history. The charm and character of the home reflect generations of love and care, making it a rare opportunity to own one of Southampton's finest oceanfront estates.
The potential buyer can take a closer look at the Ocean Dream through a video tour provided by The Corcoran Group, showcasing all that this magnificent property has to offer.
