The CEO of Goldman Sachs, Lloyd Blankfein, was Wall Street’s highest-paid executive last year, earning $53.4 million in compensation.


Now, Blankfein, 52, appears to have some use for at least some of that cash, having signed a contract to buy the Old Trees estate in Southampton, N.Y., which had been listed for $48 million, the New York Post is reporting today.

The Post reports that the seller of Old Trees, Donald A. Burns, has accepted a $41 million offer from Blankfein for the 10.6-acre property, which includes a 13-bedroom, 20,000-square-foot shingled mansion, a historic, three-bedroom barn, and a cottage/pool house with another three bedrooms. The property, which is located on the shore of Lake Agawam, also has a clay tennis court and two pools, according to listing information. Check out the property’s website—complete with many photos—here.

Although Old Trees’ “official” address is 340 First Neck Lane in Southampton, the property actually consists of three separate parcels all of which have addresses in the 330 and 340 block of First Neck Lane, and none of which has an assessor’s address of 340 First Neck Lane. The property has a 7.6-acre parcel at 338 First Neck Lane, a 1.46-acre tract at 344 First Neck Lane and a 1.38-acre parcel at 346 First Neck Lane, according to public records.