Real Estate News

Southampton’s Wooldon Manor Sells Again…This Time for More Than $80 Million

The biggest Hamptons real estate sale of 2013 went to the record-setting $75 million purchase of the famed 14.5-acre Wooldon Manor by SAB Capital founder Scott A. Bommer last winter, when he bought the onetime residential embodiment of the Woolworth fortune from fashion designer Vince Camuto, only to put it back on the market shortly thereafter, listing it for $98 million. Now, in a pair of separate transactions that will reportedly top $80 million, the Southampton estate has again changed hands.

In one of the transactions, according to the Wall Street Journal, an unnamed buyer paid $50 million for the 10,000 square foot home and a 2-acre parcel, and another party is in contract for the rest of the property—which includes three buildable lots on which new homes will likely go up—for an undisclosed amount that will bring the total north of $80 million. The property was listed by Harald Grant and Ed Petrie of Sotheby’s and Tim Davis of the Corcoran Group.

 

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