Hamptons | Hamptons.com | | | Hedge Fund Billionaire Now Owns Two Hamptons Mansions On Further Lane
Hamptons.com Logo


Hedge Fund Billionaire Now Owns Two Hamptons Mansions On Further Lane

Grace Walsh

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.





Updated: April 9, 2013, 2:20 pm
www.hamptons.com/Real-Estate/Main-Articles/18067/Hedge-Fund-Billionaire-Now-Owns-Two-Hamptons.html
Appeared In: real estate >> real estate news