Bommer Sells Another Hamptons House

Oct 10 2014 | 10:04am ET

Hedge fund manager Scott Bommer’s Hamptons wheeling-and-dealing continues apace.

The SAB Capital Management founder, who in July sold his Wooldon Manor estate in Southampton, N.Y., for more than $80 million—just seven months after buying it for $75 million—has unloaded a second property in that village, just down Gin Lane from Wooldon.

As with Wooldon, for which Bommer had sought $98 million, Halcyon Lodge went for a good deal less than the $25 million Bommer asked for when he listed the eight-bedroom, 1.5-acre waterfront home more than a year ago. Unlike with Wooldon, Bommer took a bath on it, getting just $16 million for it, according to Southampton Village Real Estate, much less than the $18.3 million he paid for it in 2006.

Halcyon Lodge is one of Southampton village’s original colony homes and the former home of Henry Ford II. Bommer had sought a demolition permit for the house, which also features an extension by famed modernist Philip Johnson, but failed to get it.

Bommer is planning a new Hamptons home of three adjoining properties in nearby East Hampton, which he paid $93.9 million for.


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