It was originally built in 1902, but it has been restored and updated with all of the newest technology.
The formal living rooms are perfectly decorated in traditional Hamptons style. There are fireplaces throughout the home, too.
The airy kitchen offers all of the latest appliances, but the room still maintains a sense of simplicity.
12 bedrooms in the house mean that there is plenty of room for visitors, and many offer the spectacular views that make the property so valuable.
The waterfront vistas can be enjoyed from the spacious screened-in porch, which runs the entire length of the house and ensures insect-free relaxation.
The estate provides exceptional views of the Peconic Bay and Mashomack Preserve. The property boasts 300 feet of land directly along the bay.
The house's outdoor amenities are nothing to smirk at: this 60-foot, heated pool provides an alternative to swimming in the salty waters of the bay.w
As far as other activities go, the property comes with a gym, basketball court, and room for tennis courts.
The outdoor fireplace pavilion is the best way to enjoy warm summer nights, and is ideal for entertaining.
Despite everything that the estate offers, Richard Gere's original asking price for the property—$65 million when he first tried to sell it in 2013—seems incredibly high.
Although that still doesn't sound like a bargain, Lauer seems happy enough with his new purchase. According to Page Six, he plans to keep his 40-acre farm in Water Mill, NY, but will sell two other of his Hamptons homes to focus on this one.
Source: Page Six