Exclusive | Hedge fund titan asks a record $152.5M for his oceanfront Hamptons estate on just 3.4 acres

At a whopping $152.5 million, an oceanfront compound in Sagaponack is out to set a new record for Hamptons’ home prices — and would do so as a relative peanut among East End megamansions several times its size. The 39 Fairfield Pond Lane property, delivered fully furnished, sits on one of the priciest streets in the United States and was listed Sunday by billionaire hedge fund manager Zach Schreiber.The PointState Capital founder spent $24 million for it in in 2013, deed records show.Should it trade hands for its current asking price, it would more than blow the current record holder out of the water.

The most ever paid for a single parcel in the area was $115 million last year, for a waterfront, 10,500-square-foot home on nearly 9 acres at 408 Further Lane, property records show. According to its listing, this newly listed property is priced at a breathtaking $16,053 per square foot.The jaw-dropping ask comes after a total revamp of the property, including tearing down a two-story home that was there and replacing it with its own two-story luxury offering.At 9,500 square feet on 3.4 acres, the property’s size is similar to an estate on the same street listed for a comparatively paltry $89 million.That property, and its private 9-hole golf course, stands among the Hamptons’ priciest listings and keeps within the range of the overall area’s highest-priced properties. A sale of 39 Fairfield Pond Lane would pillory that price. To be sure, other properties in the Hamptons have higher theoretical prices, with the biggest example being Ira Rennert’s waterfront compound, whose estimated value is over $425 million.

With a 110,000-square-foot mansion that sits on 65 acres, it’s considered the largest living home in the US.In fact, if the buyer of 39 Fairfield Pond Lane wants to shout, “Howdy neighbor,” when they move in, it would be to Rennert, whose estate shares the same property line.The residence is outfitted to carry big bang for its buck.By com...