Mayor Michael Bloomberg is known for skipping off to his Bermudas enclave for a little R&R; that private jet ride will be a whole lot shorter once he closes on the $20 million Southampton beach house under contract with Prudential Douglas Elliman. Cottage it ain't. Ballyshear Estate is a 22,000 sq. ft. Georgian mansion built in 1910 with gardens designed by Central Park mastermind Frederick Law Olmsted. [Curbed Hamptons]
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