search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

Rosenstein’s “Sahara”-like sand pile infuriates East Hampton neighbors

Hedge fund partner digging foundation at 2014's priciest home 

From left: Barry Rosenstein, 60 Further Lane in East Hampton and the sand dune
From left: Barry Rosenstein, 60 Further Lane in East Hampton and the sand dune

Barry Rosenstein isn’t just good at piling up money, he’s pretty good with sand too.

The billionaire hedge funder has raised a massive sand dune on his East Hampton estate, angering his neighbors in the exclusive enclave, the New York Post reported.

Rosenstein, co-manager at Jana Partners, bought the 18-acre beachfront parcel at 60 Further Lane last year for $147 million, the country’s most expensive home purchase at the time.

Sign Up for the undefined Newsletter

The sand pile was amassed in the process of excavating in order to build a new foundation.

“Barry Rosenstein’s sand mountain looms up above the trees and fills the horizon. As you face the sea, it looks like the Sahara,” a poetic neighbor told the Post.

Rosenstein Owns Another Hamptons Home Off Lily Park Lane and an apartment at 15 Central Park West. [NYP] – Ariel Stulberg