Bloomberg In Contract To Purchase Hamptons Home - 27 East

Real Estate News

Real Estate News / 1416282

Bloomberg In Contract To Purchase Hamptons Home

icon 4 Photos
Aerial image of Ballyshear.   COURTESY SOUTHAMPTON TOWN

Aerial image of Ballyshear. COURTESY SOUTHAMPTON TOWN

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

authorDawn Watson on Jul 22, 2011

New York City Mayor Michael Bloomberg is buying a house in the Hamptons, according to an agent familiar with the transaction.

The New York Post reported on Wednesday, July 20, that Mr. Bloomberg had “quietly” purchased Ballyshear, a 12-bedroom, 22,000-square-foot $20-million Georgian mansion on a 35-acre estate on Whites Lane in Shinnecock Hills.

The home, which went on the market in April for $22.5 million, was represented by Prudential Douglas Elliman, though the listing has now been removed from the company’s website.

According to Southampton Town documents, the bulk of the property, which could contain up to six parcels, has been owned by Charles S. Holmes of Rutherford, New Jersey, for more than 20 years.

The land is nestled between Whites Lane, Millstone Brook Road and Barkers Island and is surrounded on three sides by reserve. The property is adjacent to the Tuckahoe Swamp Preserve and borders 34 acres of Southampton Town-owned, protected property.

Ballyshear was designed around the turn of the 20th century by architect F. Burrall Hoffman Jr. for Charles Blair Macdonald, the “father of American golf course architecture,” who has been credited with building the first 18-hole golf course in America at the Chicago Golf Club. The gardens at Ballyshear were designed by Rose Standish Nichols and Annette Hoyt Flanders. An aerial view of the property shows a swimming pool and tennis court.

You May Also Like:

Emily King Joins Saunders & Associates

Emily King, a Water Mill resident since 1991 and a longtime real estate agent, has ... 1 Aug 2025 by Staff Writer

Bridgehampton Modern Farmhouse North of the Highway Sells for $11.45M

A 10,000-square-foot modern farmhouse north of the highway in Bridgehampton recently sold for $11.45 million ... 30 Jul 2025 by Staff Writer

Zellman Lambert Team Joins Saunders & Associates

The Zellman Lambert Team, led by husband and wife Steven Zellman and Lori Lambert, has ... 29 Jul 2025 by Staff Writer

Oceanfront Southampton Village Residence Sells for $32 Million

An oceanfront traditional in Southampton Village known as “Camp Meadow” recently sold for $32 million. ... 18 Jul 2025 by Staff Writer

Agency News: Yorgos Tsibiridis Joins Sotheby's International Realty

Yorgos Tsibiridis has joined Sotheby’s International Realty’s East Hampton office. “With a distinguished career spanning ... 15 Jul 2025 by Staff Writer

Quail Ridge Residents Scramble After Apartments Are Purchased for Redevelopment | 27Speaks Podcast

The tenants of Quail Ridge — the two dozen studio and one-bedroom apartments spread over ... 3 Jul 2025 by 27Speaks

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer