
Last week we saw the Maryland home of Freddie Mac CFO, Anthony Piszel, now check out another estate being sold, I'm assuming, due to the financial crisis. The Real Estalker Mama alerted me to the extravagant Hamptons getaaway home of Joseph Gregory. Who is Joseph Gregory? He was, until last June, the Chief Operating Officer, President and Managing Director for Lehman Brothers. Gregory's Hampton's home is a relatively new eight-bedroom spec house which was built on 2.5 acres in Bridgehampton, New York. The Real Estalker Mama reports that after buying the home for $19 million, Gregory and his wife Niki spent several million dollars in renovations. The home includes two master suites, a second floor deck, The property includes a pool area surrounded by plush green lawns and a sandy path leading across the dunes and to the ocean. The astounding thing here, aside from the $32.5 million pricetag, is that the couple reportedly spent just 14 days in the home over two years that they owned it.
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Reader Comments (Page 1 of 1)
9-22-2008 @ 1:53PM
ADS said...
Of course by only staying there for 14 days they were able to take advantage of a sweet tax break for depreciation and operating costs as a non-owner occupied investment property.
Reply
9-22-2008 @ 2:01PM
hs said...
That was reported in last July.
Reply
9-22-2008 @ 8:15PM
kenny17995 said...
the house is very charming and it is situated on an amazing property, but I do not think it is worth $32.5 million.
visit my website at: http://www.homesoftherich.net
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9-22-2008 @ 8:57PM
caribbeauty said...
That house needs to be redecorated immediately! Prospective buyers need only to buy because of location but other than that, the decoration on that house is hideous. The bedroom is like, say what?!!?!?
Reply
9-28-2008 @ 9:24PM
Surfside.Drive said...
I know the house. It is adjacent to the public beach with a parking lot next door. It is the least desirable property on Surfside Dr. but the house is outstanding.
IT is worth $18-20 mil before the financial meltdown. Better, but smaller homes have sold for $14 mil.
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