Crumbling Housing Market Exception

We stopped bidding when they refused to throw-in the clothes line and NASCAR memorabilia:

A 40-acre estate in the Hamptons - the Long Island summer retreat of New York's rich and famous, has been sold for $US90 million, a new US record for a residential property. . .

Owned by Adelaide de Menil Carpenter, heiress to the Schlumberger oil company fortune, the property's main residence is relatively modest - a three-bedroom, three-bath farmhouse.

However, the estate includes a two-bedroom caretaker's house, two guest houses, several acres of tillable farmland, a fully stocked man-made fishing pond, a lap pool and, most importantly, a substantial stretch of private beachfront.

The sale nearly triples the previous Hamptons' record of $US32 million that Seinfeld star Jerry Seinfeld paid for singer Billy Joel's mansion in 2000.

Link.