Friday, 4 September 2015
Last updated 6 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…