A natural gas billionaire just picked up a three-parcel Hamptons property for a whopping $110 million
Courtesy of Compass/Doug Kuntz
Hedge fund billionaire Steve Bommer has sold his beachfront East Hampton property for a whopping $110 million.
The buyer, Page Six reports, is natural gas billionaire Michael S. Smith, CEO of Freeport LNG.
The deal makes the 6.4-acre estate, located in New York's most sought-after beach playground, the second-priciest residential property ever sold in New York state — and the fifth-priciest ever recorded in US history. Tech-driven real estate platform Compass managed the sale, with broker Ed Petrie.
Bommer, of SAB Capital Management, has a history of flipping pricey Hamptons homes; he's done it with three other properties. This particular sale combines three original parcels, coming to a total of 283 feet of prime oceanfront property. Included in the deal is a 4,500-square-foot five-bedroom mansion, a few other houses, a tennis court — and that pristine pool.
Take a look at the photos, below.
When Bommer bought the triplet of properties in late 2014, he paid $94.9 million.
Courtesy of Compass/Doug KuntzSource: Zillow
The main house is a single-story 4,500-square-foot five-bedroom estate designed in a refined classical style.
Courtesy of Compass/Doug KuntzManicured lawns and a contemporary pool overlook the ocean beyond.
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