Record-Breaking Rental in Bridgehampton

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Photo: Corcoran

At this time last year, lowballers were combing the Hamptons for underpriced property like old men with metal detectors. Now out in Bridgehampton, somebody with loads of money has broken a real-estate record by renting an eleven-and-a-half-acre estate known as "the Sandcastle" for $500,000. For two weeks. In July! That beats Howard Stern's million-dollar rental (for the entire season) on Meadow Lane back in go-go 2007. This mansion, built and owned by luxury developer Joe Farrell, has nine bedrooms and eleven-and-a-half bathrooms with tennis, squash, and racquetball courts, a bowling alley, and a half-pipe for skateboarders. It's also on the market for $49.5 million. Who has that much richness to rent a property for just two weeks? A publicist from the Corcoran Group, which handled the sale, wouldn't comment on the tenant or any other specifics. Let the speculation begin.