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A BILLIONAIRE’S MASSIVE and secluded estate on Georgica Pond in Wainscott, New York, is on the market for $95 million.
Pharmaceutical billionaire Stewart Rahr, the self-proclaimed “No. 1 King of All Fun,” told The New York Times that he’s selling “Burnt Point” because he now summers in Europe.
The 25-acre piece of land was originally purchased by commodities trader David Campbell in 1996 for $10 million, according to Forbes.
Campbell had architect Francis Fleetwood design the sprawling 18,000-square-foot eight-bedroom house. In 2004, the estate was sold to Rahr for $45 million, which was the most expensive home ever sold in the state of New York at the time.
Rahr recently transferred ownership of the property to his charitable foundation, The New York Times report said. Corcoran has the listing. It’s definitely a dreamy summer home. Now, we’re going to take a tour.
Welcome to the Burnt Point Estate at Wainscott, built in 1997.
If you’re flying in from the nearby East Hampton Airport, this would be your view. The two-floor, 18,000-sq.-ft. estate rests on a 24-acre property with many amenities.
The portico leads into an open-ceiling traditional and rustic-styled foyer. Although don’t worry too much about the stairs — $95 million also gets you an elevator to go from second floor to basement.
The den features a thatched roof reminiscent of a barn, with a great view of the grounds through the three double doors.
And it’s complete with a roomy, well-lighted breakfast nook attached to the kitchen through an open arch doorway.
For dinners, the estate has a formal dining room with a slightly more modern finish.
The house also has a connected guest wing with four bedrooms and four and a half baths. This is the wing’s living room. It also houses its own kitchen
Step onto the balcony, and you’ve got a perfect view of the water.
For privacy, stroll down the dock on to the private beach.
You are, after all, in a secluded and picturesque inlet.
Although if you don’t feel like spending a day with all the shortcomings of nature, the estate touts an outdoor heated pool and spa.
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