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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of