New Record in New York Real Estate Set--$45 Million

by Deidre Woollard (RSS feed)
Dec 31st 2004 at 12:22PM

The title of the owner of New York's most expensive home was only Rupert Murdoch's for a short time. After picking up the $44 million Rockefeller penthouse, Murdoch was at the top for a few weeks but now Stewart Rahr has paid over $45 million for an 18,000 square-foot Hamptons house. The estate, Burnt Point, sits on 25 acres including plenty of views and private beaches. Rahr, a pharmaceutical distributor, boasted to the NY Times that he doesn't have a mortgage on the home. "I'm able to write a check," Rahr said. Wow.

Filed under: Estates

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