Barry Rosenstein, who set a U.S. price record in 2014 when he paid $137 million for a Hamptons compound, is not wasting his time with piddling $70 million beach houses any longer.
The hedge funder listed a seven-bedroom, 9.5 bath abode on Lily Pond Land in East Hampton for $70 million, according to the Wall Street Journal. The property spans 13,623 square feet, and the grounds also include a two-bedroom guest cottage.
Rosenstein bought the site in 2005 for $19.2 million, when it contained a cottage from the 1920s. He replaced it with his beach house designed by CookFox Architects’ Rick Cook.
Rosenstein, who founded JANA Partners in 2001, set the record for America’s most expensive home sale back in 2014 when he bought a property on Further Lane for $137 million. He is building a new mansion on the site designed by — who else? — Cook.
In August, The Real Deal reported that portfolio manager Brenda Earl listed a 42-acre property for $175 million, a New York State record. The priciest home in the U.S. is the “Beverly Hillbillies” mansion that was listed for $350 million earlier this year. [WSJ] – Eddie Small