A Hamptons mansion on a 58-acre estate just sold for more than 50% off, and it's a sign of the area'

In addition to the eight-bedroom, 25,000-square-foot main residence, the estate includes a 75-foot pool, pool pavilion, grass tennis court, an 18-hole golf course, and a clubhouse. The buyer is reportedly Arbor Realty Trust CEO Ivan Kaufman, according to the Post.

News of the heavily discounted Three Ponds Farm sale comes at a rather grim time for the luxury real-estate market in the Hamptons.

SEE ALSO: Ralph Lauren just bought a charming Hamptons home for $16 million. Here's a look inside the 4-bedroom house and its 200 feet of oceanfront.

DON'T MISS: An unnamed Saudi buyer spent $52.2 million on a 20,000-square-foot Los Angeles mansion and a neighboring house for his staff. Take a look inside the compound.

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A Hamptons mansion on a 58-acre estate just sold for more than 50% off, and it's a sign of the area'