Back then, George and Patty Kraus bought the home from Ford for just $5.5 million, a price that the couple called “the last bargain on the East End.” As you probably already figured out, it’s not exactly a “bargain” anymore, but as its official listing exclaims it’s still probably worth the money to someone: “The elegant shingle-style home is known for its covered porches and decks that wrap its first and second floors, and offer endless options for gracious indoor-outdoor living and entertaining. A private road leads to the front drive, and the manicured grass tennis court, and exquisite landscaping. The nine-bedroom, nine-bath home opens to a front entry foyer with a view straight through to the ocean-side covered decks. Several French doors open to the decks that overlook the pool, golf putting green and trap. A workout room, staff quarters, attached three-car garage, and connecting pool house are included. Village shopping and restaurants are just a short distance away. Well-loved and maintained for generations, “Ocean Dream” presents a rare opportunity to own one of Southampton’s finest oceanfront estates.” The home, which like all the best residences has a name, the “Ocean Dream,” was built all the way back in 1940 and boasts 7,500 square feet of space on a generously proportioned 3.7-acre oceanfront lot. It was reportedly extensively updated when the Krauses purchased it in the 90s, a process that will likely need to be repeated by whoever ends up buying it next. You can take a look at the Ocean Dream for yourself in the video below from The Corcoran Group:
