Eye On The Market: Burnt Point, The Solés, Rushmeyer's And Blankfein - 27 East

Real Estate News

Real Estate News / 1410253

Eye On The Market: Burnt Point, The Solés, Rushmeyer’s And Blankfein

icon 1 Photo
Billionaire Stewart Rahr is trying to sell his 24-acre Wainscott estate known as Burnt Point for $95 million. CORCORAN

Billionaire Stewart Rahr is trying to sell his 24-acre Wainscott estate known as Burnt Point for $95 million. CORCORAN 040911-5022, Corcoran, Campbell (Burnt Point), Wainscott Stone Highway, Wainscott, NY, SCTM300-197-7-12.6, N40,56.553,W-72,14.015

author on Jul 23, 2015

From private estates to popular hangouts, several notable properties hit the Hamptons market in the last week. Here’s a quick roundup of these multimillion-dollar parcels:

Burnt Pointe

Billionaire Stewart Rahr is apparently taking all his fun to Europe, having put his 24-acre estate in Wainscott up for sale for $95 million. The self-described “No. 1 King of All Fun” told The New York Times he wants to sell his 18,000-square-foot home in Georgica, known as Burnt Point, because he is now summering overseas. Commodities trader David Campbell had purchased the property for $10 million in 1996 and commissioned the late architect Francis Fleetwood to design the expansive 8-bedroom, 14.5-bath home. Pharmaceuticals billionaire Mr. Rahr bought the estate in 2004 for $45 million. Listed with Corcoran, the house features a library, a finished basement with media, game and workout rooms and a wine cellar. There’s also a professional greenhouse, boat house, private beach, dock and a waterside pool with infinity edge, hot tub and waterfall.

The Solés & Ruschmeyer’s

The sisters are for sale! Montauk hipster hotspots Solé East and Solé East Beach are both on the market and they’re expected to get more than $30 million, according to Curbed Hamptons. Located on Second House Road, the 69-room boutique hotel Solé East features 61 bungalow-like rooms and 8 garden cabana suites, as well as an adjacent 5.1-acre parcel. Set in the hamlet’s downtown, the 26-room Solé East Beach resort includes an additional .3 acres to the west with rights to develop an additional 4 to 6 units. Ruschmeyer’s, yet another playground for visiting hipsters, is also throwing in the towel after the season, according to Guest of a Guest. The owners are apparently asking $10 million.

Blankfein Puts House On Market

Goldman Sachs CEO Lloyd Blankfein is looking to unload his Sagaponack estate for $17 million, a jump up from his last attempt at selling it a few years ago for $14 million. The 7-bedroom, 5-full-bath home sits on 2.7 acres overlooking a 40-acre reserve on Parsonage Lane. Listed with Sotheby’s International Realty, the property also has a 45-foot pool, pool house and tennis court. This is Mr. Blankfein’s second Hamptons home—he purchased an Ocean Road estate in Bridgehampton for $28.25 million in 2012.

You May Also Like:

Hamptons Homeowners Forum Will Tackle Land Use and Construction

The Hamptons Homeowners Forum, hosted by Douglas Elliman associate broker Patrick Mclaughlin, returns to LTV Studios in Wainscott on Wednesday, May 15, and this time, the topic is “Navigating Land Use and Construction.” The discussion will cover a range of topics including land clearing, legal expansion, wetland easements, border disputes and understanding zoning. The panel will include land use attorney and Sag Harbor Village Associate Justice Carl Benincasa, Saskas Surveying Company President David Saskas, Telemark Inc. Vice President and East Hampton Town Zoning Board of Appeals Chair Roy Dalene and En-Consultants land management specialist Susanna F. Herrman. The event begins ... 7 May 2024 by Staff Writer

U.S. General Services Administration Auctions Fishers Island Waterfront House

The U.S. General Services Administration is auctioning former Coast Guard housing on Fishers Island. The ... 6 May 2024 by Staff Writer

Agency News: Dominic Couzens Joins Eklund | Gomes Team

The Eklund | Gomes Team at Douglas Elliman is growing its Hamptons division with the ... 1 May 2024 by Staff Writer

Southampton Town Board Hears Report on Tax Assessment Status

Though no action is imminent, the Southampton Town Board heard an update on a potential ... 24 Apr 2024 by Christopher Walsh

REI Presents ‘Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?’ on May 3

The Real Estate Institute at Stony Brook University College of Business will present its spring luncheon, titled “Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?” on Friday, May 3, at the Hilton Garden Inn on the Stony Brook University campus. The discussion on Long Island’s zoning policies and their potential impact on the region’s housing crisis will include panelists Gwen O’Shea, the president and CEO of Community Development Corp. of Long Island; Michael Florio, the CEO of Long Island Builders Institute; and Stephen Romalewski, a professor at CUNY Graduate Center. David Pennetta, the executive managing director ... by Staff Writer

Tips for Avoiding Rental Scams

Rental scams are pervasive, targeting both those seeking permanent housing and those seeking a quick getaway or seasonal lease. To help prospective tenants avoid falling prey to scams, the New York Department of State’s Division of Consumer Protection is calling attention to common rental scams. The main takeaway is this: Avoid sending money for rental properties without first verifying the legitimacy of the listing. In 2023, the FBI received 9,521 real estate/rental scam related complaints with losses of over $145 million. “In today’s highly competitive housing market, renters are often targeted by scammers who use enticing offers to steal their ... by Staff Writer

Agency News: Alexis Meadows Joins Michael Lorber Team at Douglas Elliman

Alexis Meadows has joined the Michael Lorber Team, a top-ranking real estate team at Douglas ... 22 Apr 2024 by Staff Writer

Waterview Water Mill Shingle-Style Homes Sells for $11.38 Million

A Water Mill home with a view of Burnett Creek and a dock for access ... 17 Apr 2024 by Staff Writer

Sagaponack New Construction Designed by McDonough & Conroy Sells for $6 Million

A new 8,000-square-foot home in Sagaponack has sold for $6 million preconstruction. On 3.13 acres ... 9 Apr 2024 by Staff Writer

New Book Shows Long Island’s Past With Glimpses of Future

“Making Long Island: A History of Growth and the American Dream,” by Lawrence R. Samuel ... 5 Apr 2024 by Joseph Finora