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A Cape Cod waterfront property owned by gas-and-oil businessman, Jamie Clark, has sold for $20million, making it the priciest-ever home to sell on the Massachusetts peninsula. 

The sale of the nearly 10-acre Wood’s Hole property broke the record previously set by Bill Koch's $19.5million purchase of a 26-acre Osterville estate in 2013. 

In December 2019, the residence was put on the market by Jamie and his wife, Kathy, with an asking price of $25million. 

The Clarks inherited the estate from Jamie's father, Jim Clark, who was a Wall Street executive and a philanthropist, according to The Wall Street Journal.

A Cape Cod waterfront property (pictured) owned by gas-and-oil businessman, Jamie Clark, has sold for $20million, making it the priciest-ever home to sell on the Massachusetts peninsula

The sale of the nearly 10-acre Wood’s Hole property broke the record previously set by Bill Koch's $19.5million purchase of a 26-acre Osterville estate in 2013

In December 2019, the residence was put on the market by Jamie and his wife, Kathy, with an asking price of $25million

The Clarks inherited the estate from Jamie's father, Jim Clark, who was a Wall Street executive and a philanthropist

The property is equipped with a boathouse (pictured) and a deep water dock for larger vessels 

The couple also have another home on the peninsula, which they have decided to keep. It's unclear who purchased the residence because the buyer closed the deal through a trust, according to the Journal. 

The home sits on the Penzance Point peninsula and is surrounded by three sides of water. 

Its features include a guesthouse, a 36-foot swimming pool, a boathouse and a dock, according to the listing from Sotheby’s International Realty. 

The home also has its own private beach. 

The home, as it stands, was built in 1993 and is complete with five bedrooms and 6.5 baths, multiple wet bars and four fireplaces. 

However, its sunroom, brick floors, stone walls, and wooden ceiling, date back to 1911, relics of the original estate.   

The home, as it stands, was built in 1993, but its sunroom, brick floors, stone walls, and wooden ceiling, date back to 1911, relics of the original estate

It's unclear who purchased the residence (kitchen pictured) because the buyer closed the deal through a trust

The home sits on the Penzance Point peninsula. Its features include a guesthouse and a 36-foot swimming pool, according to the listing from Sotheby’s International Realty

The guesthouse offers two bedrooms, one and one-half baths, a living room with a wood-burning fireplace, a kitchen with a dining area, a quiet patio, a sunny waterfront deck, and its own laundry facilities and two-car garage 

Jamie Clark told the Journal that the sell of the home during a global pandemic didn't surprise him at all because 'it's something you can enjoy long-term'.

'You have to look past all this and say, what’s something I’d still like to own two years from now?' he told the newspaper. 

The New England-style home was designed by Rhode Island architect Michele Foster. Nearly every room has an opening to a deck or is overlooking the water. 

According to the original listing, the home is equipped with an elevator that gives easy access to all levels.

The guesthouse offers two bedrooms, one and one-half baths, a living room with a wood-burning fireplace, a kitchen with a dining area, a quiet patio, a sunny waterfront deck, and its own laundry facilities and two-car garage.

This image shows the home's lavish living area complete with a fireplace (right) and views of the water 

Jamie Clark said that the sell of the home during a global pandemic didn't surprise him at all because 'it's something you can enjoy long-term'

'You have to look past all this and say, what’s something I’d still like to own two years from now?' he said 

The new owner will also enjoy the home's private stretch of beach as seen in this aerial image