- Hedge-fund manager Barry Rosenstein just sold his Hamptons beach house for $35.75 million – half of its original $70 million listing price.
- The property covers over 13,000 square feet and has seven bedrooms, 9.5 bathrooms, a guest cottage, and a lap pool.
- Rosenstein once broke the record for the most expensive home ever sold in the United States when he paid $137 million for another Hamptons property in 2014.
Hedge-fund manager Barry Rosenstein just sold his Hamptons beach house at half the price it was listed for.
The 13,000-plus square-foot home went on the market in 2018 for $70 million, The New York Post reported, and finally sold for $35.75 million two years later.
But he still made a profit from it: Rosenstein first purchased the home for $19.2 million in 2005, according to The Wall Street Journal.
Rosenstein founded the hedge fund Jana Partners in 2001. The fund has invested in Whole Foods and Blue Apron, among other companies.
This wasn't Rosenstein's only major real estate transaction in the Hamptons. In 2013, he paid $137 million for another home in East Hampton. At the time, it was the most expensive home sold in the US. (Today, a New York City penthouse purchased by hedge-fund manager Ken Griffin for over $239 million holds that record.)
While it didn't break any real estate records, Rosenstein's $35 million property is still quite luxurious. Take a look at what it has to offer.
The home covers over 13,000 square feet.
Source: The New York Post, The Wall Street Journal
At its selling price, Rosenstein stands to made a profit of more than $16 million. He bought it for $19.2 million in 2005.
Source: The New York Post, The Wall Street Journal
It has a total of seven bedrooms and 9.5 bathrooms.
Source: The New York Post, The Wall Street Journal
The property originally held a small cottage that was built in the 1920s, but Rosenstein had architect Rick Cook design a much larger beach home after he bought the property.
Source: The Wall Street Journal
Cook told The Wall Street Journal Rosenstein "wanted a high-performance, sustainable home that still incorporated the tradition and comfort of an old shingle style property."
Source: The Wall Street Journal
The home also gives its owner private access to the Atlantic Ocean.
Source: The Wall Street Journal
A minimalist exercise room is perfect for yoga or meditation.
Source: The New York Post, The Wall Street Journal
Guests can stay in the two-bedroom cottage that sits next to the main home.
Source: The New York Post, The Wall Street Journal
The property also features a 62-foot lap pool.
Source: The Wall Street Journal
Rosenstein's Hamptons properties have brought him a windfall in recent years. He made $110 million after selling three properties last year.
Source: The Wall Street Journal