The Real Deal New York

A two-time record-breaking Hamptons home just got $20M cheaper

July 06, 2016 01:06PM

The Burnt Point estate and billionaire Stewart Rahr

The Burnt Point estate and billionaire Stewart Rahr

Talk about a discount. Pharmaceutical mogul Stewart Rahr has slashed the price of Burnt Pointe, his 24-acre estate on Georgica Pond, from $95 million to $75 million, Curbed reported. The gargantuan East Hampton property first broke records in 1996 when it sold to trader David Campbell for $10 million. In 2000, it sold to Rahr for $45 million — again the most expensive home ever sold in New York State at that time. [Curbed] — Cathaleen Chen

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