David Tepper’s Hamptons mansion to be finished by summer

Tepper paid $43.5 million for the property

New York /
Mar.March 29, 2014 09:00 AM

 In 2011, hedge fund titan David Tepper famously bought a $43.5 million oceanfront mansion in Sagaponack — and promptly tore it down so he could build one twice the size.

Now, three years later, construction on the project is nearly finished. At this rate, Tepper could be in his new home by the start of the Hamptons summer season.

Aerial photographer Jeff Cully at EEFAS recently flew by the beachfront estate on Gibson Lane and took some great photos of the construction site, which he shared with Business Insider. In addition to a massive pool, it looks like the home will have two hot tubs, a backyard fountain, gazebo, and tennis court.

It appears that Tepper also benefitted from Southampton’s $26 million beach nourishment project, a major effort to protect the waterfront and the homes located along it. Note the three zig-zagging fences on the beach in front of the home, which are part of the plan to redevelop dunes in the area.

Construction of the estate has been a massive undertaking. Here’s what it looked like in January 2013:

And this is what the construction pit looked like in March 2012, a year after Tepper tore down the home that once stood there:

This was the 6,000-square-foot home Tepper tore down. It wasn’t too shabby:


Related Articles

arrow_forward_ios
Blue Flag Partners' Jason Brown with 326 Front Street (LinkedIn, Getty, Greenporter Hotel)
Investors buy North Fork’s Greenporter hotel
Investors buy North Fork’s Greenporter hotel
(Illustration by The Real Deal with Getty)
Signs of life for Hamptons, North Fork markets
Signs of life for Hamptons, North Fork markets
Jill Stuart and 113 Parsonage Lane (Getty, Google Maps)
Famous fashion designer sews up Sagaponack sale
Famous fashion designer sews up Sagaponack sale
 Lloyd and Barbara Macklowe and Hard Rock Cafe's Peter Morton with  51 West End Road (Getty, Google Maps)
Macklowe Gallery founders sell East Hampton home to Hard Rock founder
Macklowe Gallery founders sell East Hampton home to Hard Rock founder
(Getty)
Hamptons home prices dip, but North Fork’s hit another record
Hamptons home prices dip, but North Fork’s hit another record
Steve Roth finally flips Madoff’s former Montauk home
Steve Roth finally flips Madoff’s former Montauk home
Steve Roth finally flips Madoff’s former Montauk home
Douglas Elliman's Todd Bourgard (Douglas Elliman, Getty)
Elliman taps new head of Long Island
Elliman taps new head of Long Island
From left: Nir Meir, Gary Barnett, Konrad Bicher, Eric Adams and Paul Manafort (Photo Illustration by Steven Dilakian for The Real Deal with Getty, HFZ Capital Group, Twitter/Konrad Bicher)
New York’s biggest, baddest and juiciest real estate lawsuits of 2022
New York’s biggest, baddest and juiciest real estate lawsuits of 2022
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...