Ron Perelman mulls listing Hamptons estate for $180M

A spokesperson for the billionaire denies Perelman is selling, but brokers say it’s a “whisper” listing

Tri-State /
Sep.September 14, 2020 02:19 PM
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

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


Related Articles

arrow_forward_ios
This energy efficient house has 6 bedrooms and sits on 3.2 acres. (Compass)
First Hamptons passive house on market asks $4.5M
First Hamptons passive house on market asks $4.5M
(Getty, iStock)
Buyers hunt Hamptons, North Fork homes — often in vain
Buyers hunt Hamptons, North Fork homes — often in vain
The property, known as the Haupt Residence. (Compass)
Charles Gwathmey-designed Amagansett home lists for $9.3M
Charles Gwathmey-designed Amagansett home lists for $9.3M
Highway Superintendent Alex Gregor and St. Andrews Road (Facebook/New York State Association of Town Superintendents of Highways, Inc., Google Maps)
Southampton official aims to reclaim land 90 years after deal
Southampton official aims to reclaim land 90 years after deal
Jake’s 58 (Google Maps, iStock)
Suffolk OTB to acquire Jake’s 58 in $120M deal
Suffolk OTB to acquire Jake’s 58 in $120M deal
Waldo Fernandez (Compass, Getty)
Where’s Waldo going? We know he’s listing his Hamptons home
Where’s Waldo going? We know he’s listing his Hamptons home
(Getty)
Feds nix wind farm leases in two areas south of Hamptons
Feds nix wind farm leases in two areas south of Hamptons
Greenwich, CT closed 200 transactions in the first quarter. (Getty)
Greenwich home sales double and hit 16-year high countywide
Greenwich home sales double and hit 16-year high countywide
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...