Celebs loving and leaving LI

Stars and corporate bigwigs are</br> behind many recent real estate</br> flips on the Island

101 Lily Pond Lane
101 Lily Pond Lane

Hedge fund manager Scott Bommer closed on the $110 million sale of 101 Lily Pond Lane — a 6.4-acre East Hampton estate — to Michael Smith, the chief executive officer of Freeport LNG Development, in February. The mega deal is the second largest residential sale on record for the Hamptons (hedge funder Barry Rosenstein set a new bar in 2014 with a $147 million purchase on East Hampton’s Further Lane) and the fifth biggest sale in the U.S., according to Compass, whose Ed Petrie-led team brokered the deal. The property boasts 284 feet of ocean frontage and a one-story, 4,500-square-foot house. Bommer picked up three properties on Lily Pond Lane from two different buyers in 2014 and sold them as one. The executive, who has flipped in the Hamptons before, announced in December that his SAB Capital Management is returning money to investors after 17 years so that he can focus on his own wealth.

121 Parsonage Lane

121 Parsonage Lane

Even the CEO of Goldman Sachs sometimes misjudges the market. After seeing his Sagaponack mansion listing linger for six months, Lloyd Blankfein has shaved $4 million off its asking price, bringing it to $13 million. He also switched brokers, swapping Sotheby’s International Realty for the Corcoran Group, according to StreetEasy. His new agent, Corcoran’s Susan Breitenbach, didn’t immediately respond to a request for comment. The seven-bedroom home, located at 121 Parsonage Lane, spans more than 6,500 square feet and includes a 45-foot heated pool, a tennis court, a paneled library and a screened porch. Blankfein built the home in 2001 and has been trying to unload it ever since he and his wife, Laura, purchased a much bigger $32.5 million estate in Bridgehampton in 2012.

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3 Country Lane

3 Country Lane

In Brookville, Marc Anthony is trying to sell his eight-bedroom mansion with a new broker and a new price. In November, he hired residential broker and reality TV personality Luis Ortiz of Douglas Elliman to list the property at $9 million. The home, which also includes a five-bedroom guesthouse, was originally listed with Dolly Lenz at $12 million and was down to $9.45 million before the listing switch. “The beauty of this house is how down-to-earth and homey it is,” Ortiz told The Real Deal. Make no mistake, however; homey does not mean ordinary. In addition to plenty of sleeping room, the 16-room main house has 8.5 bathrooms, a recording studio and several fireplaces. Situated on eight gated acres, with a pool and tennis court, the home is also extremely private, Ortiz stressed. Anthony purchased the property in 2000 with then-wife Jennifer Lopez for $3.7 million.

36 Hedges Lane

36 Hedges Lane

Naomi Watts and Liev Schreiber are selling a five-bedroom haven in Amagansett, complete with a pool and pool house, for $5.85 million, Curbed Hamptons recently reported. The estate offers plenty of opportunities for privacy and togetherness, according to listing agent Sotheby’s International Realty. At one end of the 6,000-square-foot main house is a private staircase that leads to a master bedroom suite and sitting room. At the other end is another staircase that leads to a three-bedroom, three-bath guest suite. In between, on the main floor, are a formal dining room, living room and bluestone fireplace, as well as a media room, game room and exercise studio. The couple bought the estate, which is a short walk from town and the beach, for $4.3 million in 2007, according to the online residential real estate site Trulia.