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Five Bedrooms On 4.3 Acres In Sagaponack For...$21.5M?

When this 8000 sq. ft. home popped up on our radar this morning we thought that the 1 and the 2 in the asking price had somehow switched places. Or maybe there was a bigger, more impressive house behind the one shown in the listing photos. Nope. The only thing that stands out with (and might justify the price of) this particular residence is the 4.3 acres of included with the sale. Other than that, it's a pretty run-of-the-mill example of the "Barn On Steroids" look that's so popular on the South Fork:

"A wood paneled library, den, a chef's kitchen with eat-in area and formal dining room. The first floor full bath also has a separate steam room and exit door out to the back deck. The second floor consists of 5 bedrooms all ensuite with a back staircase. The seperate 4-car garage that includes second floor staff quarters of 2 bedrooms and 1 bath."Curiously, Property Shark notes that there's a suit pending between the owner, Lkz Ventures LLC, and American Home Mortgage D.I.P. which leads us to believe that the property isn't in the best financial shape. This wouldn't come as too big of a shock as Laurence Zimmerman—the man who created Lkz Ventures in 2006?has a history of living large followed by foreclosure. · Legal fight places couple's two mansions in jeopardy
· Listing: 24 Fairfield Pond Ln - Sagaponack South [Prudential Douglas Elliman]