Monday, 3 August 2015
Last updated 32 min ago
May 5 2014 | 10:44am ET
The most expensive house in the United States has gone to hedge fund manager Barry Rosenstein.
The Jana Partners founder has agreed to pay $147 million for an 18-acre waterfront estate in East Hampton, N.Y. The deal easily breaks the previous record, set just two weeks ago in Greenwich, Conn., where a 50-acre waterfront spread sold for $120 million.
The estate was designed by Tweedy, Browne Co.’s Christopher Browne and his partner, architect Andrew Gordon. Browne died in 2009 and Gordon last year. Browne paid just $13 million for the property, 60 Further Lane, in 1997.
The estate features a 500-foot-long lily pond and an apple orchard.
Browne’s heirs did not use a broker to negotiate the sale.
When Rosenstein moves in, he’ll count Point72 Asset Management’s Steven Cohen and Kynikos Associates’ James Chanos as Further Lane neighbors, as well as comedian Jerry Seinfeld, art-dealer Larry Gagosian and Baron Capital Group’s Ron Baron.
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…