A Grand Celebration at Fordune

Esperanza and Irwin have talked of many grand estates on the East End; the Bell Estate, Bayberryland and the Dunes come to mind. Fordune certainly has its place in this conversation. Ford methodically acquired 235 acres including significant oceanfront to construct the 16000 square foot manse. Sadly, Ford's marriage to Anne McDonnell Ford ended in divorce, and she was awarded Fordune in the settlement. In 1975 Anne sold the estate to Italian financier Carlo Traglio. He paid the bargain price of $1.8 million, $500,000 less than Ford spent to build just the mansion. Traglio then subdivided theproperty, keeping the main house and 44 acres of oceanfront for himself. The other acres were divided into a gated enclave of 40 homes. (The Hilton family owns one of them, comprising 2.7 acres.) It was sold a few years back for the then highest price of a single property on the East End. $105m.