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Hedge funder Unloads Lesser House for $70 Million

By Debra Scott - November 20, 2017

Hedge fund tycoon Barry Rosenstein has put one of his Hamptons homes on the market. Not to worry, it’s not his Lily Pond Lane compound, which set a U.S. price record in 2014 when he bought it for a whopping $137M.

The “activist investor is unloading another property on the same elite street, which he bought in 2005 for a measly $19.2M. Accustomed to soaring in the financial stratosphere, he is asking $70 M according to the Wall Street Journal.

When Rosenstein purchased the site it contained a 1920s-era cottage (read: humongous early 20th-century mansion). He tore that down and built a 13,623-square-foot, seven-bedroom, 9.5 bath residence designed by Rick Cook of New York’s Cook Fox Architects (who also designed the structure on his other Lily Pond Lane purchase).

Tal and Oren Alexander of Douglas Elliman have the listing.

Photos via Douglas Elliman

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