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