Jennifer Calfas
August 25, 2017 11:34 AM

Right where the Atlantic Ocean meets the ritzy Hamptons, there is a sprawling estate that is now the most expensive property on the market in New York with an asking price of $175 million.

The estate, built for the Ford family of Ford Motor Company, sits on a sprawling 42 acres that includes a mansion that is filled with luxurious amenities ranging from its own library to a 60-foot heated pool.

 

Completely renovated in 2008, the 20,000 square-foot home on the property boasts 12 bedrooms, 12 bathrooms and a large chef’s kitchen. The estate, known as Jule Pond, looks out onto a quarter mile of ocean on the coveted (and pricey) Hamptons beach. It has the largest ocean frontage — the length of land that faces the ocean — in the area, according to Bespoke Real Estate, which holds the listing.

Aside from the expansive bed-and-bath offerings, the estate is filled with all kinds of amenities including three ponds, a separate spa, an outdoor kitchen, a basketball court and a tennis court. There is also a three-bedroom Carriage house, greenhouse and a six-car garage on the property.

 

 

 

Located on the shores of Southampton, Jule Pond exceeds the median home price of $3.795 million for oceanfront property, according to estimates from Trulia.

While one of the most expensive properties listed in the U.S. currently, Jule Pond is still cheaper than a Bel-Air estate in California that is currently listed for $350 million. The Chartwell Estate has a larger mansion on its property, though it only sits on 10.3 acres.

See more photos of Jule Pond below:

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