The Real Deal New York

“Hamilton” producer lays out $7.3M for Water Mill manse

Developers Ronen and Jessica Guetta bought the property for $1.1M in 2013
By E.B. Solomont | June 28, 2018 03:15PM

Left to Right: Sander Jacobs, Ronen and Jessica Guetta, and house on Osprey Way (Credit: Getty Images and Out East)

UPDATED, June 29, 1:45 p.m.: He’s not throwing away his shot. A producer of the hit musical “Hamilton” has shelled out $7.3 million for a sprawling new-construction house in Water Mill.

Sander Jacobs scooped up the 9,800-square-foot house, on Osprey Way, which sits on 1.1 acres and features a 1,200-square-foot cabana, pool and full outdoor kitchen.

Husband-and-wife developers Ronen and Jessica Guetta bought the house for $1.1 million in 2013, property records show. After living there for five years, they razed the house and built the new structure from the ground up, said Ronen Guetta.

Guetta, who has been a builder on Long Island since selling a clothing business seven years ago, said Guetta Building Company is focused on building high-end custom homes instead of spec homes of lesser quality.

The Guettas listed the house for $8.495 million in April, but cut the price to $7.9 million in June. Douglas Elliman’s Tal Alexander and Compass’ Matthew Breitenbach shared the listing.

Jacobs received a Tony Award for Best Musical for “Hamilton” and “In the Heights,” both created by composer and playwright Lin-Manuel Miranda. Jacobs also co-produced and invested in shows including “Les Miserables,” the “Phantom of the Opera” and “West Side Story.”