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Home #Hwoodtimes Hamptons estate built by Henry Ford has recently sold at a near...

Hamptons estate built by Henry Ford has recently sold at a near record price.

The 42-acre Hamptons estate built by Henry Ford, II in 1960 has sold. The final sale price is expected to be one of the largest ever in the Hamptons and the United States.

From the Gilded Age to today, the Hamptons has been a summer home for the super-wealthy. During a year of pandemic, its popularity has grown even more for those craving fresh ocean air and space. According to a recent report from Douglas Elliman, Hamptons home sales jumped 37% in 2020, and prices were up 40% to a median of $1.2 million. The area’s luxury real estate is being snapped up so quickly that very little is left on the market, but one recent sale has drawn particular interest. According to the New York Post, the 42-acre estate of Henry Ford, II, which was priced at $175 million in 2017 and reduced later to $145 million, has recently gone under contract. The final sale price is expected to be one of the largest ever in the Hamptons and the United States.

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Towards the end of the 19th century when rail lines opened the connection between the Hamptons and New York City, the monied class began flooding the Hamptons’ villages and beaches in the summer months. The summer social season was filled with soirees and house parties where elites could rub elbows with their peers. Every year, more of America’s celebrities, business leaders, and families made the Hamptons their home from Memorial Day to Labor Day. The grand event in the summer of 1940 was the marriage of Henry Ford II, the eldest son of Edsel Ford and the eldest grandson of Henry Ford, to Southampton socialite Anne McDonnell.

By the late 1950s, the Fords decided to build a larger home on 235 Southampton acres, which they named Fordune, that was completed in 1960. After their divorce in 1964, sections of the Fordune acreage were sold off, reducing the estate’s size to 42 acres. The estate sold in 2002 to Brenda Earl, a former partner at Zweig-Dimenna hedge fund. After spending many millions on restoration, Earl has now sold the estate.

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With nearly a quarter-mile of Atlantic Ocean frontage and access to three ponds and Mecox Bay, Fordune had a major renovation in 2008. Now known as Jule Pond, great care was taken to preserve Fordune’s original details such as distinctive ceilings with moldings and traditional chandeliers, Italian marble fireplaces, French parquet floors, and antique bathroom fixtures, most of which were imported from Europe.

Today, Southampton is one of the wealthiest zip codes in the country and attracts old money as well as celebrities from actors to designers, writers, musicians, Wall Street wizards, and more. Celebrity full or part-time residents include Jimmy Buffett, Paul Simon, Jerry Seinfeld, J-Lo, Gwyneth Paltrow, and Anderson Cooper.

According to The Real Deal, the Jule Pond Drive property was co-listed with Bespoke and Julia B. Fee Sotheby’s International Realty.

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Valerie Milano is the well-connected Senior Editor and Entertainment Critic at TheHollywoodTimes.today, a website that aggregates showbiz news curated for, and written by, insiders of the entertainment industry. (@HwoodTimes @TheHollywood.Times) Milano, whose extraordinary talents for networking in the famously tight-clad enclave of Hollywood have placed her at the center of the industry’s top red carpets and events since 1984, heads daily operations of a uniquely accessible, yet carefully targeted publication. For years, Milano sat on the board and tour coordinator of the Television Critics Association’s press tours. She has written for Communications Daily, Discover Hollywood, Hollywood Today, Television International, and Video Age International, and contributed to countless other magazines and digests. Valerie works closely with the Human Rights Campaign as a distinguished Fed Club Council Member. She also works with GLSEN, GLAAD, Outfest, NCLR, LAMBDA Legal, and DAP Health, in addition to donating both time and finances to high-profile nonprofits. She has been a member of the Los Angeles Press Club for a couple of years and looks forward to the possibility of contributing to the future success of its endeavors. Milano’s passion for meeting people extends from Los Feliz to her favorite getaway, Palm Springs. There, she is a member of the Palm Springs Museum of Art and a prominent Old Las Palmas-area patron.