The Hamptons has long been seen as an exclusive location for New York’s elite. Although real estate in the area was hit following the financial crisis, today the market is thriving, with prices in some Hamptons communities rocketing.

Located in the heart of the Hamptons, Bridgehampton is one area that is doing particularly well. This 22,000 square foot baronial mansion overlooking Mecox Bay, on the market for $49.5 million, is a one-of-a-kind property unlike anything else you’ll find in the Hamptons.

Built in the early 20th century, it has been transformed over a five-year period by design firm Andre Tchelistcheff, John Hummel custom Builders and landscape architect landscape architect Edmund D. Hollander, who saw that everything from the impressive grand-entrance foyer with a soaring triple story spiraling staircase to the 7.5 waterfront acres of lands were made as exquisite as possible.

Read more on the most expensive properties in the US.