Matt Lauer, a real estate developer?

April 26, 2012 06:30PM

“Today” show host Matt Lauer’s plans for a horse farm next door to his Water Mill, N.Y. estate will include a number of speculative homes priced in the $4 million to $5 million range, Dan’s Hamptons reported. The property will house seven homes, each with their own swimming pool. Lauer and his wife, model Annette Roque, reportedly spent less than the $10.5 million asking price for the plot adjacent to their home.

The plans were sent to the city for approval four months ago, Dan’s said, but Lauer has not heard back yet.

The Water Mill area is heating up, Dan’s notes. Dallas Mavericks pointguard Jason Kidd just closed on a $5 million home there, and singer Jennifer Lopez is in contract for a Water Mill home. [Dan’s Hamptons]