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.


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