Hedge fund manager Barry Rosenstein is now down to just one mansion in the Hamptons,The Wall Street Journal reports. In a significant real estate move, Rosenstein has sold the smaller of his two Hamptons homes to an undisclosed buyer for a price of $37 million. This sale is notably lower than the original asking price of $70 million when the home was first listed in 2017. However, it still stands as the biggest real estate sale in the Hamptons area this year, showcasing the robust property market in this upscale location.
The recently sold mansion spans a vast 14,000 square feet and is situated on a 1.5-acre lot. It contains a total of nine bedrooms and 11 full bathrooms, along with two additional half baths. The home is not only spacious but is also equipped with modern amenities such as a climate-controlled garage and multiple fireplaces. Most impressively, it offers breathtaking views of the nearby ocean, making it a dream residence for many. Marketing materials from the property’s 2017 listing beautifully describe the entrance, stating, “As you enter the home, you are greeted by impeccable ocean views through the oversized pivoting portal in the entry gallery – a perfect space for unique pieces of art.”
This mansion is just one part of a larger narrative surrounding Rosenstein, who has been a prominent figure in the real estate market. The property features not only a main house with elegant interiors but also impressive outdoor amenities, including a 62-foot lap swimming pool and an outdoor reflecting pool. Together with a yoga pavilion designed from glass and steel, these elements create a serene and luxurious environment. Furthermore, the estate includes a separate guest or caretaker's cottage, adding to its appeal. The sale marks a pivotal moment in Rosenstein’s real estate journey as he previously purchased the property for $19.2 million in 2005, leveling the older house to create this stunning residence, which is now one of the most sought-after properties in the Hamptons.
| Detail | Information |
|---|---|
| Full Name | Barry Rosenstein |
| Occupation | Hedge Fund Manager |
| Property Sold | Hampton Mansion |
| Sale Price | $37 Million |
| Original Asking Price | $70 Million |
| Size | 14,000 sq ft |
| Bedrooms | 9 |
| Bathrooms | 11 Full, 2 Half |
| Lot Size | 1.5 acres |
| Year Purchased | 2005 |
What You Will Learn
- The significance of Barry Rosenstein's recent real estate transaction.
- Details about the luxurious features of the sold mansion.
- Insights into Rosenstein's investment history in the Hamptons.
- The impact of the Hamptons real estate market on luxury home sales.
