Jeff Greene Is Now Proud Owner of 55-Acre Hamptons Estate
Jeff Greene completed his purchase of a sprawling
The billionaire would not confirm the purchase price, citing a confidentiality agreement but he did say the $41 million reported in the New York Post last week was incorrect. The property had initially been listed for $80 million in 2006 with Prudential. Most recently it was listed with Corcoran at $44.99 million.
Corcoran’s site talks about how the property was very close to final approvals to subdivide its 55 Acres into 6 lots, but that became unnecessary once Greene decided to buy the property for his young family. Greene is not new to the
A house on land suits their lifestyle better now. They have a young son and are expecting another child in September. Greene says he eventually plans to knock down some of the buildings and erect a “proper home” for him and his family, but that he might not do it right away.
The estate was Greene’s second purchase in
Greene became a billionaire by buying credit default swaps on subprime mortgage-backed bonds as housing crashed. In the past year he has spent $75 million on property outside of
Here is a video of the real estate agent giving a tour of the property:
http://www.facebook.com/video/video.php?v=194294427257154