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