Tepper's Dream Home Rises in Corzine Mansion's Place [AERIAL PHOTOS]

More than a year after tearing down a reportedly $43.5 million mansion that once belonged to former New Jersey Gov. Jon Corzine, billionaire hedge fund manager David Tepper is seeing his dream home take shape on Gibson Lane.

Tepper bought the 6.45-acre Sagaponack estate from Joanne Corzine, the governor's ex-wife, and proceeded to to make way for a .

Jaquelin T. Robertson of Cooper, Robertson & Partners architecture firm in Manhattan, told the Sagaponack Village Architectural and Historic Review Board that Tepper complained that while he could see the ocean over the dune from the second floor of the original home, the same could not be said about the first floor.

Robertson said the new mansion will be red cedar shingled, and trimmed like Thomas Jefferson’s Monticello. The estate is located between the ocean and an undeveloped farmfield.

The original mansion was built just about 20 years ago, according to Robertson. He said his client complained that while he could see the ocean over the dune from the second floor, the same could not be said about the first floor.

Aerial photos shot on Memorial Day offer a look at the frame of the new 11,000-square-foot-plus main house, plus the additional 4,000 square feet that will be underground. According to plans filed with the Sagaponack Village Building Department, the new home will be nearly twice as big as the mansion that once stood there. Plans also include a 1,000-square-foot-plus three-car garage with a basement, a 550-square-foot pool house and a 270-square-foot tennis pavilion.

Sagaponack is Bloomberg Businessweek's "" and Forbes Magazine ranks Sagaponack's 11962 as the in the nation. Sagaponack also has the .