Late Investor's Water Mill Manse Sells For $27 Million - 27 East

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Late Investor’s Water Mill Manse Sells For $27 Million

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author on Nov 6, 2015

A Water Mill estate that belonged to one family for more than 30 years sold for $27 million in late October.

With about 500 feet of frontage and a dock on Mecox Bay, the property belonged to the late investor Jack Nash and his wife, Helen, who survives him. In June 2014, it was put it on the market with a $38.5 million ask, but the price tag was chipped away at over time.

Although the buyer has not yet been disclosed, what is certain is that he or she bought a lot of history. Built in 1904, this Georgian-style manse was designed by architect W.E. Brady and retains many original features, including ornamental columns, pediments, balusters, wainscoting, lead pane windows and steam radiators, according to the listing.

At 8,000 square feet, it has six bedrooms and 8.5 baths, as well as a fitness room. The home sits on 6 acres it shares with a pool, tennis court, guest house and a four-story water tower that is original to the property. It was co-listed with Harald Grant of Sotheby’s International Realty and Tim Davis of the Corcoran Group.

Mr. Nash served as president of the investment firm Oppenheimer & Co and co-founded the hedge fund Odyssey Partners. He also started the politically-conservative New York Sun newspaper, which was published from 2002 to 2008, the year in which he died.

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