Three Ponds Farm. COURTESY BESPOKE REAL ESTATE
Sold in June, Three Ponds Farm is a 58.7-acre, eight-structure compound with its own USGA-rated 18-hole golf course. It is three separate properties straddling Water Mill and Bridgehampton, and the total sales price for the whole megillah was $34 million — making it 2019’s second-largest transaction overall.
It sold in three parts (which is why it is not in the top 10) and those parts are 901 Scuttle Hole Road for $20,993,984, 939 Scuttle Hole Road for $6 million and 402 Mitchells Lane for $7 million.
Prior to 1993, the land was part of the Carwytham Farm, which was split up and sold off. Among the structures at Three Ponds Farm are a 25,000-square-foot Italianate residence, a carriage house, a caretaker’s cottage, an orangerie, and a pro-shop. There’s no farm anymore, but there are three ponds: The compound fronts Long Pond and fully encompasses two smaller ponds.
The entire compound first came on the market in 2003 for $75 million. It was seeking $60 million in 2018 and was last listed for $49 million.
New York Post reported the buyer was Ivan Kaufman, the CEO and president of Arbor Realty Trust, a real estate investment company.
The seller was investment executive Cheryl Gordon Krongard, who had co-owned Three Ponds Farm with her late husband, Edward Gordon, the New York commercial real estate mogul who died in 2000. She married then-CIA executive director A. B. “Buzzy” Krongard in 2004.
Bespoke Real Estate had the listing and also brought in the buyer.
To see what’s new, click “Start the Tour” to take a tour.
We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.
One fine body…