Fordune Estate Sells For $105 Million

In a record price for a single piece of property on the South Fork, the former Ford family estate in Water Mill has sold for $105 million, according to The Real Estate Report.

Known as Fordune, the estate at 90 Jule Pond Drive was built in 1960 for Henry Ford II, the eldest grandson of the Ford Motor Company founder he is named after, and wife Anne McDonnell, who kept it when they divorced four years later. The estate was once more than 200 acres, but today comprises 42 acres on the oceanfront, a 20,000-square-foot European-inspired manor, ponds, a carriage house, a pool, a six-car garage, a tennis court and a basketball court.

The last asking price had been $145 million, which means the buyer got a 27.6 percent discount. The seller, financier Brenda Earl, was seeking $175 for the estate back in 2017.

Bespoke represented both Earl and the seller.

“Understanding the nuances of a $100M+ 42+ acre oceanfront estate surrounded by multiple bodies of water, with historical ties and many future scenarios to consider, with no comparable sale to reference, presented it’s challenges,” said Cody Vichinsky, president and founding partner of Bespoke, in an Instagram post on Monday. “In summary, our unique approach allows for collaboration and transparency within our company, enabling us to build a collective force to research, analyze, and present this opportunity through both an investment and a visionary lens to the ultimate purchaser we procured. Throughout the process, we kept the seller fully informed, ensuring both parties could make the most informed decisions that led to the agreement of this trade.

“At Bespoke, we believe it is not enough to say you think differently; true innovation comes from action, and that action brings results,” Vichinsky continued. “And we are grateful to deliver the benefit of those results to out clients.”

The new owner is JPD2021 Ltd, according to The Real Estate Report. The deal closed on August 17.