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Diamond Ranch Out of the Rough

The online auction for infamous party farm the Diamond Ranch has come and gone, and it looks as though a buyer has been found. An Elliman broker working with the buyers told Real LI that most of the seven offers came in well above the $2.045 million opening bid, and all were from people within the 'horse community' looking to build a gentleman's farm. A deal is still being worked out, but the 30 acres in Water Mill should be off the market, and party circuit, soon. [Real LI; previously]