$90 Million Sale Sets U.S. Record

by Deidre Woollard (RSS feed)
Jun 21st 2005 at 12:11PM

Remember Burnt Point, that $45 million Hamptons sale at the tail end of last year? The NY Post reports a sale that makes it seem like a bargain. A Hamptons estate is selling for $90 million, a new record not just for New York but for the whole United States. The mystery buyer, a Swedish industrialist who has rented the estate before has snapped up this 40-acre East Hamptons expanse. The existing home isn't exactly a mansion, it's a three-bedroom farmhouse with the main dining room nearby in a converted barn. There are also several guest houses, a man-made pond and a lap pool. But mainly what the new owner is paying for is land and privacy.

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Rupert Dec 18th 2005 6:02PM

A Swedish industrialist, eh? Could it be Ingvar Kamprad, Ikea's founder? Forbes has a profile of the man here: http://www.forbes.com/finance/lists/10/2004/LIR.jhtml?passListId=10&passYear=2004&passListType=Person&uniqueId=BWQ7&datatype=Person