BUSINESS
07/16/2009 05:12 am ET Updated May 25, 2011

Hampton Mansions: Georgica Pond Homes For Sale (SLIDESHOW)

Four mansions on exclusive Georgica Pond in the Hamptons are on sale and are asking big bucks despite the recession.

The most recent addition to the market is a 25,000-square-foot estate on 5.5 acres that boasts 8 bedrooms, 11.5 baths, an indoor heated wave pool and a Turkish bath. The home, at 30 Wainscott Stone Highway, also includes an outdoor pool, tennis court and a 110-seat movie theater that is a replica of the famed Zeigfeld Theatre. Among its former renters are Madonna, Warren Beatty, Kevin Costner, Jay Z, Damon Dash and Jennifer Lopez.

According to real estate site StreetEasy, the home was put on the market on Friday for $19.995 million. It can also be rented for $200,000.

The property that has been for sale the longest is 81 Briar Patch Road. The mansion has been on and off the market for the past year, and most recently saw its price chopped by 1%, to $39.5 million.

Sotheby's first listed the 12,00-square-foot home for $40 million last April. It removed the listing in September for several weeks, according to StreetEasy, only to put it back on the market later in the fall at the same price. It then removed the listing, to put it back on in May 1% lower, although it isn't clear whether the cuts have gone deep enough. The home, which is next to a 16-acre meadow, boasts 18th century stone fireplaces, a walnut-paneled library, 30-foot ceilings in the living room and a separate 2- bedroom guest cottage.

Brown Harris Stevens has the listing of a 3.7-acre property on the east shore of Georgica pond. Facing west, it has more than 400 feet of water frontage, and boasts a four bedroom home designed by Peter Marino. The home is new, built in 1990, and includes a large living room, country kitchen and a master suite. It has been listed on the market for $27 million since November, 2008, according to StreetEasy.

Another property on the market is at 40 Laforest Lane. Unlike some of the other properties, it is near East Hampton Village, which could be a perk if you prefer not to be isolated in your estate, and choose to walk among the masses (albeit East Hampton masses) shopping at Calypso or Coach.

The home, which has been on the market since January for $13.5 million, boasts 250 feet of waterfront, a dock, waterside pool, and 5 bedrooms and 3 bathrooms.