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

The asking price is $23M

TRD New York /
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

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
421 Broome Street (Google Maps)

Soho penthouse buy sets record despite price chop

Soho penthouse buy sets record despite price chop
Oxford Property Group CEO Adam Mahfouda and (inset) the late Bianka Yankov (Mahfouda courtesy of Propco Holdings, iStock, Linkedin)

Oxford Property Group acquires Spire, expands to nearly 800 agents

Oxford Property Group acquires Spire, expands to nearly 800 agents
Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Sunset Park faces severe affordable housing shortage: report

Sunset Park faces severe affordable housing shortage: report
209 Dean Street and 315 Adelphi Street (Google Maps)

Sprawling Brooklyn townhouses drive week’s priciest deals

Sprawling Brooklyn townhouses drive week’s priciest deals
The number of single-family homes on the market hit historic lows in July, driving prices up (iStock)

US housing supply reaches nearly 40-year low

US housing supply reaches nearly 40-year low
Gov. Andrew Cuomo with Judge Lawrence Marks and Judge Daniele Chinea (Getty, Linkedin, iStock)

Flip-flop on eviction ban extension highlights state’s chaotic response

Flip-flop on eviction ban extension highlights state’s chaotic response
arrow_forward_ios

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

Loading...