Log In   ·   Become A Member

Hedge Fund Billionaire Now Owns Two Hamptons Mansions On Further Lane

Grace Walsh

  |   2 Comments · Print Article

Billionaire hedge fund manager Steven A. Cohen's second Hamptons home (Courtesy Photo)

Just days after billionaire hedge fund manager Steven A. Cohen of SAC Capital Advisors bought Picasso's La Reve for $155 million, he purchased a $60 million Hamptons mansion, next to the one he already owns.

The $60 million oceanfront property is located on Further Lane in East Hampton. This 10,000 square-foot mansion sits on seven acres with 7 bedrooms, including an ocean view master suite. With high ceilings, limestone floors, a media room and tennis court and pool. This purchase is among the most expensive real estate sales transacted in the Hamptons. The property was previously owned by Robert B. McKeon, a founding partner of the investment bank Wasserstein Perella.

The first house Cohen bought in 2007 for $18 million and is also on Further Lane, but located behind an oceanfront property owned by James Chanos, another hedge fund manager.

Related Articles:

Guest (howard banks) from boca raton, florida says::
Hey big spender, spend a little on me.
Apr 16, 2013 5:11 am

Guest (Dave Decks) from Canada says::
That would be a great place to create a fabulous landscaping design
Apr 3, 2013 7:58 pm


Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
* Comments will be reviewed and posted in a timely fashion
* All fields are required
Please type the word 'water'
(For spam prevention, thanks)
Gary R. DePersia, Corcoran Real Estate
With over $2 billion in transactions on the East End and since 1995, Gary DePersia is consistently ranked among the top producers in the Hamptons. A year-on-year member of The Corcoran Group Presidentís Council, he has qualified as a national list maker since 2007. In 2008 he was Corcoran's top broker on the East End by sales volume and rental units; and ranked as the nationís 4th top broker. In the 2017 REAL Trends & The Wall Street Journal list of Americaís top real estate professionals, he was designated #26 nationally, #4 in the Hamptons and #3 at Corcoran overall by volume with nearly $200 million of transactions for the past year. His office operates with four licensed assistants allowing him to build a business stretching from Southampton to Montauk and Sagaponack to Shelter Island. gdp@corcoran.com

East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Bridgehampton National Bank
For over 100 years Bridgehampton National Bank has been the East End's hometown bank. Many success stories...one bank, BNB!