February 6, 2013 3:04 PM
Kate Spade and her husband Andy are selling their palatial Hamptons Art Village home for $4.75 million.
The massive estate was on the market last year for $5.75 million, but they couldn't find a buyer.
The 6,700 square-foot property boasts 8 bedrooms, a ballroom, a studio guest cottage, large pool, tennis court and staff quarters.
Looks like Kate's hard work building her massive handbag empire has certainly payed off!
Photo Gallery: Kate Spade Puts Hamptons Estate On The Market For $4.75M
Check Out The Posh New Zealand Retreat Where Prince William And Kate Middleton Stayed
Take A Tour Of The Luxury Retreat Where Angelina Jolie And Brad Pitt Stayed In Australia
Check Out Gisele Bundchen And Tom Brady's Picturesque Bahamas Getaway