Sprawling 24-bedroom waterfront Hamptons estate hits the market for a staggering $100 MILLION - complete with its own private dock, movie theater and two-story pool house

A sprawling luxury estate complete with its own exclusive shoreline, movie theater and two-story pool house has hit the market for a staggering $99.5 million.

Standing on a private peninsula that stretches over 21 acres of manicured grounds, the listing features a total of 24 bedrooms and 38 bathrooms which are shared among the two residences.

Located in Water Mill South, in the super-affluent Hamptons, the 'compound' offers breathtaking ocean views, 3,100 feet of exclusive shoreline, and access to Mecox Bay via a private dock. 

The estate is perfectly manicured, boasts a whole host of modern facilities and is finished to an enviably high standard. 

A sprawling luxury estate complete with its own exclusive shoreline, movie theater and two-story pool house has hit the market for a staggering $99.5 million 

Standing on a private peninsula that stretches over 21 acres of manicured grounds, the listing features a total of 24 bedrooms and 38 bathrooms which are shared among the two residences 

Located in Water Mill South, in the super-affluent Hamptons, the 'compound' offers breathtaking ocean views, 3,100 feet of exclusive shoreline, and access to Mecox Bay via a private dock 

The waterfront-facing mansion, which is the slightly smaller of the two at a whopping 17,000 square feet, boasts a tennis court, gym, pool and spa, two-story pool house and deck. 

The second inland home, at 28,000 square feet, was made for entertaining. 

For sport enthusiasts, there is an indoor basketball court, pool and pro-standard gym.

And friends and family can find endless entertainment in the 14-seat movie theatre, two-lane bowling alley or games room with billiards. 

Out among the sprawling grounds, highlights include a pergola, moat and fire pit.

This is only the second time these properties, with a combined 45,000 square feet of living space, have been sold as 'one.'

In late 2021, Philadelphia real-estate developer Michael Karp purchased the estate for an eye-watering $118.5 million - the second most-expensive home sale witnessed in the Hamptons.

The following spring he put the smaller of the two up for sale and a year later set the other to be available to rent during the summer season. 

This is only the second time these properties, with a combined 45,000 square feet of living space, have been sold as 'one'

In late 2021, Philadelphia real-estate developer Michael Karp purchased the estate for an eye-watering $118.5 million - the second most-expensive home sale witnessed in the Hamptons 

The estate is perfectly manicured, boasts a whole host of modern facilities and is finished to an enviably high standard 

Out among the sprawling grounds, highlights include a pergola, moat and fire pit 

The area is said to be 'wonderful for small boating, paddle boarding, kayaking, windsurfing, and adjoins a public beach'

For sport enthusiasts, there is an indoor basketball court, pool and pro-standard gym 

The elegant outside pool offers gorgeous views out across the water with plenty of lounge seating among the manicured gardens

Access to the estate is via an imposing tree-lined avenue behind a double wrought iron gate

The property offers a massive amount of acres, which provide future homeowners with space to get creative with outdoor activities, sports, and games 

The beautiful property sits right on the water, offering gorgeous views throughout all the living spaces 

Preston Kaye, who is the co-founder of Hedgerow Exclusive Properties, which currently holds the listing, said: 'It presents a once in a lifetime opportunity to own one of the largest compounds in all of the Hamptons'

But now, they're back on the market together as one compound home. 

Preston Kaye, who is the co-founder of Hedgerow Exclusive Properties, which currently holds the listing, shared with Realtor: '[The property] presents a once in a lifetime opportunity to own one of the largest compounds in all of the Hamptons.

'Rarely does a compound of this size and scale exist on the water, let alone come to the public market.

'Mecox Bay is wonderful for small boating, paddle boarding, kayaking, windsurfing, and adjoins a public beach.'