Hedge funder Scott Bommer sells oceanfront Hamptons estate

Historic beach house goes for $16M after being listed for $25M in 2013

36 Gin Lane in Southampton (Inset: Scott Bommer)
36 Gin Lane in Southampton (Inset: Scott Bommer)

Hedge-fund manager Scott Bommer (who is known for flipping homes in the Hamptons) has finally sold his historic oceanfront estate in Southampton for $16 million, according to Curbed Hamptons

Bommer originally put the house on the market in September of 2013 for $25 million, but has since had to lower the price multiple times. According to Southampton Village Real Estate, the final price was $16 million — a staggering $9 million and 20% below Bommer’s asking price.

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The historic beach house, known as the Halcyon Lodge, was once a part of the Henry Ford estate.

In 1946, Mr. and Mrs. Henry Ford II commissioned the famous architect Phillip Johnson — known for building the Glass House — to build a one story glass wing addition to the estate.

The home sits on 1.5 acres of land with 142 feet of oceanfront. Inside there are eight bedrooms, six baths, a heated pool, and a three-bedroom carriage house for guests.