Mayor Mike Bloomberg is in the process of buying a $20 million estate in Southampton near one of the most exclusive golf courses in the country, according to the New York Post (via Curbed).
The 35-acre estate, called Ballyshear, features a 22,000 square-foot home and gardens designed by Frederick Law Olmstead, the architect behind Central Park.
It also has horse stables and trails, a clear perk for Bloomberg's equestrian-loving daughter, Georgina.
The Mayor reportedly signed a contract for the home, which was originally listed at $22.5 million, and is now waiting to close.
Bloomberg, whom Forbes lists as the tenth richest man in America, also owns homes in Bermuda and Vail.
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