Location: 615 Montauk Highway, Water Mill, NY

Square Footage: 22,000

Bedrooms & Bathrooms: 11 bedrooms & 15.5 bathrooms

Price: $49,500,000

This gorgeous estate, dubbed the Villa Maria Estate, is located at 615 Montauk Highway in Water Mill, NY and is situated on 7.5 waterfront acres (with an additional 7.5 acres available for purchase). We did a post on the home in August of last year, when it wasn’t for sale. Built as a private residence in 1887, the home was extensively remodeled by Brooklyn-based architect Frank Freeman in 1919. It later became a convent and spirituality center, before recently becoming a private residence once again. The building is considered a Long Island Landmak. It was bought by Nine West shoe manufacturer founder Vincent Camuto and his wife Louise for $35 million in October of 2005. They had Andre Tchelistcheff Architects remodel the home. It features approximately 22,000 square feet of living space with 11 bedrooms, 15.5 bathrooms, 3-story foyer with grand curved staircase, limestone floors, huge formal rooms and more. The grounds feature a carriage house, gatehouse, vast lawns, swimming pool, formal gardens, fountain and a motor court.