A former investor for George Soros is offloading this pricey Hamptons home

The asking price is $23M

Feb.February 27, 2019 05:00 PM

Scott Bessent and 354 South Main Street in the Hamptons (Credit: Getty Images and Sotheby’s)

One of the key moneymakers for billionaire George Soros wants $22.5 million for his historic Hamptons mansion.

Sotheby’s International Realty’s Harald Grant has the listing, the Wall Street Journal reported. The seller of the Southampton property, which dates back to the 1880s, is Scott Bessent, who served as chief investment officer for Soros’ $30 billion family office until 2015. He founded Key Square Group, a hedge fund, in 2016.

Bessent bought the property — known as Wyndecote at 354 South Main Street — for about $9.95 million in 2012, the report said. He restored the property and is selling because he plans on working from his London office.

The pricey listing comes as the sales market slowdown has seeped into the Hamptons. In the fourth quarter, the market saw a 35 percent decline in sales versus a year earlier, according to Douglas Elliman. At the same time, listing inventory surged 81 percent.

The home spans nearly 11,000 square feet across three floors and has 10 bedrooms. It also features several covered porches. During the restoration process, the foundation was replaced and a basement level was added. It boasts a wine cellar, a gym and a home theater — and the home also has a pool house and swimming pool.

The property was designed by architect Robert Henderson Robertson, who is also known for designing Southampton’s original Rogers Memorial Library. [WSJ] — Meenal Vamburkar

Related Articles

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Ken Griffin and Calvin Klein’s Hamptons compound (Credit: Getty Images, Google Maps)

Ken Griffin in contract for Calvin Klein’s Hamptons compound

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens