Mr Perelman has owned the property since 1994
Billionaire financier Ronald O. Perelman’s sprawling 11,435-square-foot mansion went on the market this month for $115 million.
Set on more than 9 acres, it is “the largest single residential lot in East Hampton Village,” according to listing with Herald Grant of Sotheby’s International Realty. The property boasts a nearly 385 feet water frontage over the Atlantic Ocean, with a private walkway that leads to the beach.
Mr. Perelman—the 78-year-old president and CEO of McAndrews & Forbes Incorporated, a holding company with an interest in Revlon and pharmaceutical company SIGA Technologies, Inc.—has owned the property since 1994, when he bought it. For $3.75 million, according to records from PropertyShark. Representatives for Mr Perelman did not immediately respond to a request for comment.
According to the listing, the contemporary home has 11 bedrooms, 11 bathrooms, and five powder rooms. Other features include oversized windows and sliding glass doors to maximize views of the water, as well as parquet floors, multiple fireplaces and exposed ceiling beams, the listing photo shows.
According to the listing, the estate offers a tree-lined driveway, expansive lawns, a viewing pavilion and a tennis court with cabanas, and a heated gunite pool, spa, and pool house.
“Maximum security systems ensure confidentiality,” reads Mr. Grant’s listing. “Residence and grounds provide endless options for relaxing and entertaining in this simply stunning sea-facing property. In addition, the possibility of subdividing the property exists.”
The agent declined to provide comment for this article.
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The Hampton Estate isn’t the only property Mr. Perelman wants to participate in, or even the only property in the area. His nearby 57-acre property, on Georgica Pond, was looking for $180 million as a pocket listing in September, more than any other Hampton home on the Multiple Listing Service. In addition, two Upper East Side townhouses hit the market in October for $75 million, The Wall Street Journal reported. The townhouses are now asking for $60 million.
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