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Bridgehampton's Sandcastle rented

A luxury 11.5-acre estate in Bridgehampton known as

A luxury 11.5-acre estate in Bridgehampton known as Sandcastle has come on the market for $50 million. The newly constructed 31,000-square-foot, three-story house is also on the rental market � for $500,000 for any two-week period in July or August. It comes with a two-lane bowling alley. Pictured: For Home Section / Valerie Kellogg.for web slideshow ( Handout ) ltc Photo Credit: NEWSDAY/handout

Sandcastle, the 31,000-square-foot, 11.5-acre Bridgehampton estate rented for two weeks this summer for an undisclosed price, confirms owner Joe Farrell, who built the home.

The property previously rented last summer for a record $500,000 for two weeks, and was listed on the rental market at that price earlier this year.

The home features a bowling alley, a skateboarding half-pipe, a rock climbing wall, a spa facility, a steam room and a sauna as well as staff quarters, a heated gunite pool and a sunken tennis court.

Farrell, a noted Hamptons builder, has also listed the home for sale at $49.5 million with Gary DePersia of The Corcoran Group and Chris Burnside of Brown Harris Stevens.

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