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Location: Westhampton Beach, N.Y.
The Skinny: Some summer residents of Long Island's storied Hamptons turn their noses up at the communities of Quogue and Westhampton, but coal baron William C. Atwater didn't seem to have a problem with Westhampton Beach in 1903, when he commissioned this sprawling shingle-style mansion from the drawing board of McKim, Mead & White veteran Henry Bacon. The current owner, too, is hoping that today's megarich can overlook the location enough to spend $24.75M for the 10.37-acre waterfront estate. The 24-room main house measures 16,000 square feet and is joined by a carriage house and guest house, so there's more than enough room for summer entertaining. The grounds are accented with "century-old grape vines," 64 catalpa trees, formal gardens, lawns, a Lord & Burnham greenhouse, a Har-Tru tennis court and a 56-foot swimming pool. If $25M seems like a lot considering the location, keep in mind that this estate was once asking an astonishing $39M.
· Westhampton Beach [BHS]