$
125 million equestrian estate in Water Mill, New York, tops the state’s market. The 80‑acre property, listed by Bespoke Real Estate, features a 20,000‑sq‑ft main house designed by Jeffrey Collé, eight bedrooms, nine full baths, four half baths, and nine imported French wood‑burning fireplaces. Each bathtub is hand‑carved from Verona stone, with surplus stone used in flooring and countertops. The home’s interiors blend modern elegance with classic Hamptons charm, and multiple living and dining areas open onto expansive patios and terraces that overlook the surrounding farmland and nature reserve.
Outdoor amenities rival a private resort: a 25‑by‑50‑foot heated gunite pool, a spacious cabana with lounge seating and a bar, a sunken tennis court shielded from wind, and landscaped gardens. The estate also houses Pinnacle Farm, a full‑service equestrian compound with boarding stables, paddocks, indoor and outdoor riding rings, a jumping arena, and a 20‑stall barn. The property’s equestrian facilities, including a polo field and a 20,000‑sq‑ft training complex, make it the largest horse‑farm compound in the Hamptons.
Located between Southampton and Bridgehampton, Water Mill offers rolling farmlands, ocean access, and discreet luxury. The estate sits minutes from beaches, marinas, and Hamptons villages, providing easy access to high‑end restaurants, farm stands, and boutique shopping. The long driveway and protected farmland surrounding the property ensure privacy for its future owners.
Bespoke Real Estate’s listing notes that the developer, Ben Ashkenazy, and his wife spent $26.7 million acquiring the 80‑acre parcel in two purchases in 2015 and 2016. The $125 million price tag eclipses most New York City penthouses and other Hamptons listings, yet remains a fraction of the $238 million Manhattan penthouse sold to Ken Griffin in 2019.
Water Mill, though less famous than Montauk or East Hampton, is gaining a reputation as a quieter, more private enclave for true Hamptons living. Zillow reports the average home price in Water Mill at $4.7 million as of September 2025, up 2.9 % from the previous year.
The estate’s design by Jeffrey Collé, a premier custom homebuilder known for projects for Wall Street executives and celebrities such as Alec Baldwin and Billy Joel, showcases meticulous craftsmanship. The nine French‑imported fireplaces, the Verona stone tubs, and the seamless integration of indoor and outdoor spaces reflect Collé’s signature blend of luxury and comfort.
With its expansive equestrian facilities, resort‑style outdoor amenities, and unparalleled privacy, this $125 million Water Mill property stands as the most expensive home currently on the New York market. It offers a rare combination of grand‑scale entertaining, equestrian excellence, and Hamptons elegance that few other properties can match.
