The $45 Million Tract House!
New Hamptons McMegamansions.
Attention billionaires! How would you like to be neighbors with Ira Rennert, the reclusive conglomerateur who got Sagaponack in a snit when he built a 66,395-square-foot Italianate-style oceanfront super-villa, Fair Field. Developer Jeffrey Colle, who built Billy Joel’s and Donna Karan’s houses, is said to be building three $45 million megalo-mansions on sixteen acres next door. Not exactly an unheard-of number out there, but Sagaponack Association president Ana Daniel points out that your investment could be better protected. “Where those houses are located, there are no dunes left.” Colle refused to comment.
—S. Jhoanna Robledo

EDITED BY CARL SWANSON

Related:

• Archive: “Intelligencer”
• Table of Contents: March 14, 2005 issue of New York | Subscribe!