Ron Perelman lists his other East Hampton mansion for $115M

Billionaire has been offloading assets amid financial troubles

Tri-State /
Sep.September 14, 2021 02:20 PM
Ron Perelman with the Lily Pond Lane estate (Getty, Sotheby's)

Ron Perelman with the Lily Pond Lane estate (Getty, Sotheby’s)

Looking to continue his asset selling spree, billionaire Ron Perelman has listed his East Hampton estate for $115 million.

This wasn’t isn’t the famed estate The Creeks; it’s another sprawling property  on Lily Pond Lane, according to Dirt.

The home, which dates to the early 1970s,spans 11,435 square feet and has 10 bedrooms. It’s on 9.25 acres and sits on the beach, with 385 feet of ocean frontage, according to the report.

Perelman paid just $3.75 million for the undeveloped property in 1994.

Though Forbes lists his net worth at $2.8 billion, Perelman ran into some serious financial issues last year; he has said he wants to “clean house” and downsize to live a “simpler life.”

Perelman was also reportedly shopping The Creeks, a historic estate in East Hampton that totals 57 acres, for $180 million. Perelman has denied he wanted to sell the property.

In February, he defaulted on $115 million in debt and in April, the family office of Blackstone Group executive Tony James bought his debt.

That month, Perelman also listed his Upper East Side townhouse and his firm MacAndrew & Forbes sold a Manhattan office building at a loss.

[Dirt] — Dennis Lynch


Related Articles

arrow_forward_ios
Police issue citations to 14 fisherman protesting East Hampton beach closure
Police issue citations to 14 fisherman protesting East Hampton beach closure
Police issue citations to 14 fisherman protesting East Hampton beach closure
Sheldon Solow and the Hamptons estate (Getty, Douglas Elliman)
Sheldon Solow’s Hamptons home gets $10M price cut
Sheldon Solow’s Hamptons home gets $10M price cut
Stacey Soloviev plans 40-key North Fork winery and resort
Stacey Soloviev plans 40-key North Fork winery and resort
Stacey Soloviev plans 40-key North Fork winery and resort
Ford estate fetches $105M, a Hamptons “record” but far below ask
Ford estate fetches $105M, a Hamptons “record” but far below ask
Ford estate fetches $105M, a Hamptons “record” but far below ask
School and office reopenings led to fewer reservations at the end of summer. (iStock)
Hamptons rental market had strong summer, begins to cool
Hamptons rental market had strong summer, begins to cool
Dick Cavett sells estate for $24M in priciest Montauk deal this year
Dick Cavett sells estate for $24M in priciest Montauk deal this year
Dick Cavett sells estate for $24M in priciest Montauk deal this year
91 Sergio Franchi Drive and Sergio Franchi (Sotheby's, Getty)
Sergio Franchi’s 200-acre estate in southeastern Connecticut lists for $12.6M
Sergio Franchi’s 200-acre estate in southeastern Connecticut lists for $12.6M
Just-sold Shelter Island hotel borrows $17M for transformation
Just-sold Shelter Island hotel borrows $17M for transformation
Just-sold Shelter Island hotel borrows $17M for transformation
arrow_forward_ios

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

Loading...