Billionaire New York Philosopher-King Mike Bloomberg has decided to purchase a Hamptons estate for $20 million, because, well, when you have that much money, why not?

It's called "Ballyshear" and it was built in 1910 on the Gold Coast; the home itself is 22,000 square feet and the grounds cover some 35 acres. Amenities include stables, a pool, and a tennis court; there is a golf course right next door. (Of course!) Click on the photo above to a close-up view. [Curbed, NYP]