David and Jane Walentas, owners of the Two Trees Farm (the home of Bridgehampton Polo), are renting out a eight bedroom, six bathroom beachfront house on Meadow Lane in Southampton from now through Labor Day for a rent totalling $400,000. Here's the clincher - they're considering renting without a security deposit!

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The couple plans to tear down the home in the fall, and as Morgan White, the Prudential Elliman broker who has the listing, put it, "Whoever rents it can basically destroy it." Perfect summer share house for you party animals? I think so. [TheDaily]

Who's invited...

Like to cause a ruckus? You're invited!

Go ahead! Spray the champagne everywhere!

She's VIP for sure.

Come one, come all, party animals!