What could you do with $48 million? You could purchase about 480,000 pairs of heels, or you could buy a shoe designer’s entire estate.

Shoe and fashion designer Vince Camuto — who founded popular shoe brand Nine West in the 1970s— has listed his historic Southampton home with a $48 million price tag.

The home was built more than eight decades ago as just a pool house for the mammoth Wooldon Manor, reports Curbed. The main residence was built by Dr. Peter Wyckoff, who sold it to Jessie Woolworth Donahue, the daughter of Woolworth’s founder, F.W. Woolworth. She renovated the pool house before selling the property to Edmund Lynch of Merrill Lynch.

The original manor — once named the most opulent in The Hamptons — was destroyed in 1941 after Lynch’s death. The land has since been subdivided, with the remaining estate sitting on 5.5 acres. An additional 8.8 acres is also available for purchase.

The past 30 years have been good to the 10,000-square-foot home. Sitting right on the water, the place has been updated and modernized by Camuto — and of course, a new pool house was added to the property. Today, the main residence has 7 bedrooms, 7.5 baths and plenty of entertaining space beneath vaulted ceilings and large windows. Patios and lawns stretch to the private beach, and the entire parcel is protected by security systems.

According to Curbed, Camuto has already moved on to another Hamptons home: the Jazz Age Villa Maria that recently garnered a feature in Architectural Digest.

Shoe Designer Vince Camuto Lists Historic Hamptons Estate | Zillow Blog.