Tepper reportedly buys priciest Hamptons home of the year

David Tepper and the Sagaponack home

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David Tepper, the high-risk, high-yield hedge fund manager and Goldman Sachs alum, who earlier this year tried to block a Stuyvesant Town and Peter Cooper Village foreclosure, is in contract to buy a Sagaponack estate in what is likely the largest recorded Hamptons deal of the year so far, the Wall Street Journal reported. Though the exact contract price was unclear, the 6,200-square-foot oceanfront home, which sits on 6.5 acres with a heated pool, guest house and tennis court, had been quietly on the market for around $50 million, brokers said, and would break the year’s record even at a significant discount. The home currently belongs to Joanne Corzine, ex-wife of Jon Corzine, former New Jersey governor and senator as well as a former Goldman Sachs CEO. The deal, which has not yet closed, was reportedly made without the use of a broker. [WSJ]

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