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An enormous Hamptons estate that once belonged to the Ford family is for sale for a potentially record-breaking $175 million

If it sells at its current price, Jule Pond would be the most expensive home to ever change hands in America.

The Jule Pond estate is set on 42 acres in Southampton.

There's a new most expensive home for sale in the Hamptons, and it has a connection to the Ford family.

Once part of a larger property called "Fordune," the 42-acre estate has hit the market for $175 million. It was originally built for Henry Ford but has reportedly been owned by portfolio manager Brenda Earl since 2002.

Cody and Zach Vichinsky of Bespoke Real Estate have the listing, which is now referring to the home as "Jule Pond."

If it sells at its current price, Jule Pond would be the most expensive home to ever change hands in the US. The current record is held by hedge funder Barry Rosenstein, who bought an East Hampton property for $147 million in 2014.

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The main house has 20,000 square feet of space, 12 bedrooms, and 12 bathrooms. The property also has tennis and basketball courts as well as a greenhouse and about 1,350 feet of oceanfront.

Let's take a look around.

The estate is set on 42 acres in Southampton.

It fronts the ocean and several ponds, including Jule Pond.

The home was built in 1960, and many of its original architectural details have been maintained.

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Inside, you'll see ornate chandeliers and Italian marble fireplaces.

The listing photos show living spaces decked out in bold art.

Even this play room has been designed in a stylish way, with large windows showing off the grounds.

A massive kitchen leaves plenty of space for cooking and entertaining.

There's also a library that opens onto a koi pond with a waterfall.

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There are stunning views to be had all around.

Hedges surround the pool area ...

... and a path leads down to the beach.

If it sells at its current price, Jule Pond would be the most expensive home to ever change hands in the US. Hedge funder Barry Rosenstein paid $147 million for an East Hampton property in 2014.

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It's the most expensive home for sale in all of New York State.

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