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.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...