The perfect combination of luxe Italian escape and breezy East End Americana, Villa Maria is the Hamptons home Gatsby himself could only dream of. Dating back to the late 1800s, the property was reinvented by shipping magnate Edward P. Morse in 1919. More recently, the 15-acre, waterfront compound underwent a 5-year renovation after it was purchased by the late shoe designer and Nine West co-founder Vince Camuto and his wife in 2005.

The local landmark may be seeped in history, but the Water Mill mansion's modern amenities and extravagant interiors call for that $72 million asking price. According to Curbed, the lavish home once belonging to Camuto is now in contract, though the exact sale amount hasn't been disclosed.

Boasting both bayfront and ocean views, the sprawling property consists of multiple structures, though the crown jewel is certainly the 28-room main house. From the light-filled atrium and marble-covered kitchen to the climate controlled wine cellar and heated gunite pool, Villa Maria has just about everything a well-to-do summer socialite could need.

Click through for a breathtaking inside look at this historic estate!

[Photos via Bespoke Real Estate]