Billionaire Phil Falcone Is Paying $700,000 To Rent This East Hampton Home For The Summer

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Photo: Courtesy of Corcoran Realty

Phil Falcone, billionaire hedge fund manager, is renting Stone Meadow Farm in East Hampton for the summer for $700,000, according to the New York Post. It’s the same house that Mariah Carey rented back in the summer of 2008.Apparently, Falcone wanted to purchase the house and bid on it in 2009, but was beat out by heiress Isabel Rose, who put the home on the rental market this summer for $1 million.

The 18,000 square foot house sits on eight acres of land, has an indoor spa room with a hot tub, a media room, two separate cottages, a heated pool, tennis courts, and a stable for up to five horses.

The only downfall of the house is it’s not right on the ocean

An aerial view of the eight acres

The house has a whopping 18,000 square feet

One of the outdoor fireplaces

Beautiful gardening

The white kitchen

The heated pool

One of the living rooms, also very white

Another living room with huge windows

The home is very wide open with high ceilings

Another kitchen

The indoor hot tub

There's a private gym

And a sauna

One of the bathrooms

A shed for storage

One of the guest cottages

There's horse stables too

Another hedge funder tore down his Hamptons home to make it better

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