Rose Hill Compound in Water Mill hits market at $65M

Brokerage discounts commission on Roger and Susan Hertog’s 13-acre estate

Roger Hertog with the Rose Hill Compound (Getty, Bespoke Real Estate)
Roger Hertog with the Rose Hill Compound (Getty, Bespoke Real Estate)

The founder of a major investment firm is trying to sell high in the Hamptons.

Roger and Susan Hertog listed the Rose Hill Compound in Water Mill with Bespoke Real Estate for $65 million, the Wall Street Journal reported. The couple put together the nearly 13-acre estate in the 1990s across five parcels, paying $10 million in all.

The property off Mecox Bay includes a 6,000-square-foot main house with six bedrooms, a guest house, a boat house and a pool house. The primary residence, adorned with a blue facade, dates back roughly a century. It has a covered porch, which overlooks the bay.

The estate also includes a private dock, a heated pool, a tennis court and a garage. It includes 730 feet of frontage on Hayground Cove.

Read more

It’s directly across the bay from the Southampton estate formerly belonging to Henry Ford II, which recently sold for $105 million. Australian hedge fund manager Greg Coffey was revealed as the buyer after months of secrecy.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The listing is notable for Bespoke, which is experimenting with a new commission model. Rather than charge the standard 3 percent and splitting the commission with its agent, the brokerage is charging only 1 percent, and compensating its agents by paying them a salary.

Roger Hertog co-founded investment firm Sanford C. Bernstein & Co., which would go on to become AllianceBernstein. Hertog retired in 2006 and has become known as a large donor to conservative and Jewish philanthropies.

In 2019, he and his wife spent $13.2 million for a unit at The Bristol in West Palm Beach. A year earlier, they sold their Palm Beach estate at 10 Blossom Way to hedge funder Ken Griffin for $20.2 million.

A few years ago, the couple shelled out $29.5 million for an 86th-floor unit at 432 Park Avenue. The purchase came out to about $7,334 per square foot.

— Holden Walter-Warner