$60 million Three Ponds Farm is a golfer's paradise

Putting the backyard putting green to shame is this $60 million estate on Long Island, which counts a USGA-rated 18-hole golf course among its features.

Listed with Dana Trotter of Sotheby's International Realty, the Bridgehampton, N.Y., home known as Three Ponds Farm centers on the championship golf course designed by Rees Jones completed by a 19th hole clubhouse and pro shop.

A European-style country estate, a caretaker’s house, formal gardens, a pool and spa, a tennis court and three ponds also reside on the 60-acre grounds.

Designed by classical architect All Greensburg, the main residence includes a grand living room, a formal dining room, a wood-paneled office, eight bedrooms and 12 bathrooms in 25,000 square feet. Elegant pillars, detailed molding and hardwood appointments are among the decorative features.

While it seems outlandish, privately owned estates with golf courses are nothing new. In 2011, Oracle co-founder and eighth-richest man in the world, Larry Ellison, paid $42.9 million to add the Porcupine Creek estate in Rancho Mirage to his vast real estate portfolio.

Ellison's property, on 249 acres beneath the base of the Santa Rosa Mountains, is anchored by a prestigious 18-hole course and clubhouse set among desert and tropical landscaping. The course, rated among the top private golf courses in California by Golf Digest, has drawn numerous high-profile players including President Barack Obama, who played through earlier this year.