The stunning estate, named Myletsone, is located on Meadow Lane in Southampton
The 15,5000 square foot mansion is set on eight acres of waterfront land
It is currently owned by philanthropist Marcia Riklis who has listed the lavish home for $175 million
It will be the most expensive property sale in Hamptons history if a buyer agrees to pay that amount
Only one other home in The Hamptons has been listed for $175 million, but its price tag was subsequently slashed to $145 million when it failed to find a buyer
Mylestone at Meadow Lane, Southampton is listed by Bespoke Real Estate