Hedge funder Unloads Lesser House for $70 Million
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).
Photos via Douglas Elliman