SAB Founder Seeks $95 Million For Hamptons Estate

Apr 28 2014 | 9:38am ET

Hedge fund manager Scott Bommer has owned the Hamptons’ most expensive estate for just five months, but he’s already found something he likes better.

The SAB Capital Management founder is buying three properties in East Hampton for a combined $93.9 million, Newsday reports. So he’s put his historic beachfront Wooldon Manor back on the market.

Bommer bought Wooldon in December for a Hamptons-record $75 million. Now, however, he’d like $95 million for the 14.5-acre estate.

If no single buyer is ready to put up nearly nine figures for the whole Southampton property, Bommer is willing to sell it off in pieces: The five acres that house the 10,000-square-foot mansion, its pool and tennis court are going for $48 million. Bommer has split the remaining nine acres into four undeveloped lots, each seeking $15 million.


In Depth

Fund Manager's Disease: Common Symptoms and Proposed Remedies

May 3 2016 | 6:11pm ET

The cadre of 25 research analysts at Murano Systems speaks with more than 150 investors...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...