A magnificent Hamptons estate has hit the market for an eye-watering $59.5 million, an absolute dream home. The property, located at 70 Cobb Lane, Watermill, boasts impressive features, including a shark tank, basketball court, and bowling alley. Situated on a 12.2-acre parcel on an idyllic peninsula on Mecox Bay, the estate borders Bridgehampton and Watermill and offers an idyllic retreat from the hustle and bustle of everyday life.
The home’s seller is Philadelphia real-estate developer Michael Karp, who purchased two houses on more than 20 acres in an off-market deal from apparel executives Arthur Rabin and his son, Jason Rabin, in 2021, according to The Wall Street Journal. The compound features 11 bedrooms, an indoor pool, a lavish spa, a half-basketball court, a 350-bottle wine cellar, a wet bar, an arcade, and a 14-seat movie theater.
One of the property’s highlights is undoubtedly the 750-gallon shark tank, home to a few baby sharks. The tank is a unique feature not often seen in other Hamptons properties and is sure to be a conversation starter. The estate also boasts a moat surrounding the inground pool, which features a waterfall and a pool house.
The half-basketball court and outdoor dining area with a grill and pizza oven are perfect for entertaining guests. The luxurious spa with soft lighting and a hot tub offers a personalized experience, making it an ideal place to unwind after a long day.
The two-lane bowling alley is another area for entertainment that offers ample seating for guests to watch or participate. The estate also features a 350-bottle wine cellar, a wet bar, and an arcade, providing ample opportunities for indoor entertainment.
The property is listed as a rental for July and August for $2 million, offering a unique opportunity for renters to experience the ultimate Hamptons lifestyle. Preston Kaye, the co-founder of Hedgerow Exclusive Properties, is representing the sale of the property. According to reports, the same real estate company brokered the 2021 sale and is now marketing both parcels.
The luxurious Hamptons dream estate is across the water from the Southampton estate of auto-titan Henry Ford II, which sold for a staggering $105 million in 2021. The property offers an incredible view of the water. It is sure to be a sought-after location for those looking for a luxurious retreat in one of the most desirable locations in the world.
This Hamptons dream estate at 70 Cobb Lane is undoubtedly a legacy property that offers an array of luxurious features that are hard to come by in any other property in the area. From the shark tank and basketball court to the bowling alley and spa, this estate has everything one could want to entertain guests and enjoy the ultimate Hamptons lifestyle. The idyllic location on Mecox Bay and the breathtaking water views make this property a true gem. With an asking price of $59.5 million, this Hamptons estate is a once-in-a-lifetime opportunity to own an exceptional home that will impress.
