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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...