Ron Perelman mulls listing Hamptons estate for $180M

A spokesperson for the billionaire denies Perelman is selling, but brokers say it’s a “whisper” listing

Tri-State /
Sep.September 14, 2020 02:25 PM
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman may part with his sprawling East Hampton estate for the right price.

The billionaire banker and businessman is reportedly searching for a buyer for his 57-acre estate, according to the New York Post.

A spokesperson for the billionaire told the publication that the property is not for sale “officially or unofficially,” but brokers who represent high-end buyers said they’ve heard from sources close to Perelman that he would entertain offers of about $180 million.

The most expensive home currently for sale in the uber-wealthy enclave is Jule Pond, an oceanfront Southampton estate built for Henry Ford that’s asking $145 million.

Perelman’s property, dubbed “The Creeks,” was built in 1899 and is located near Georgica Pond in East Hampton. Perelman purchased the massive home in the 1990s for $12.5 million, and for a decade used it as the setting for his star-studded Apollo in the Hamptons fundraiser, where past performers include Jon Bon Jovi and Jennifer Hudson. Perelman also came under fire for building code violations at the estate, including the illegal expansion of several smaller dwellings. That issue was resolved in 2018.

The 77-year-old businessman has reportedly been trying to downsize his asset to have a “simpler life.” In July, Perelman sold his 70 percent stake in Humvee maker AM General, and auctioned off paintings by Joan Miro and Henri Matisse for $37.3 million, according to the Post. [NYP] — Akiko Matsuda


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
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

Who’s buying and selling Manhattan homes? Last month’s notable deals

Who’s buying and selling Manhattan homes? Last month’s notable deals
New Yorkers signed leases in record numbers last month. (Getty)

Manhattan, Brooklyn rental leasing hit 12-year high in December

Manhattan, Brooklyn rental leasing hit 12-year high in December
Damien Dwin of Lafayette Square Holding (Photos via Lafayette; iStock)

Sustainable housing is focus of Damien Dwin’s social justice effort

Sustainable housing is focus of Damien Dwin’s social justice effort
arrow_forward_ios

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

Loading...