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$140M Hamptons Pad is the Country's Second Most Expensive

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Education and media entrepreneur Chris Whittle and his wife, photographer and writer Priscilla Rattazzi, have listed their 11.2-acre East Hampton, N.Y., property for $140M, making it the priciest listing in the area, and the second most expensive in the country. In pricing the property, they no doubt took a cue from the $147M East Hampton home that became the most expensive residential property ever to trade hands in the United States back in May, but Curbed Hamptons doubts this one will earn that much, given the lesser acreage and the lack of ocean frontage. It is on a pond though!

The main home, a Georgian-Revival shingle-style residence built in 1931, was last worked over in 1990 by a 2.5-year renovation by motorcycle-riding leather daddy architect Peter Marino, which involved adding in a three-story great room and building a four-bedroom guesthouse, according to the Wall Street Journal. The dwelling has six bedrooms, a sunken library, and a third-story gym, while the grounds, which have been subdivided into 7.5 and 3.7 acre parcels, have gardens, mature trees, a tennis court, and a 60-foot pool with a cabana.

The couple told the Journal they're selling the place to embark upon "a new chapter of our lives as empty nesters," which is generally understood to be more fun when you are $140M richer. For purposes of comparison, the property is priced just above this gross thing in Florida, as well as what's expected to be the most expensive listing in Manhattan. This price is nearly twice as much as the next most expensive listing in the Hamptons, and $55M less than the priciest estate in the country. Life is a joke.

· $140M Georgica Estate is Now the Hamptons' Priciest Listing [Curbed Hamptons]
· Chris Whittle to List in East Hampton for $140 Million [Wall Street Journal]