Hedge-Funder Flips His Historic Southampton Estate For $US80 Million

Wooldon manorSotheby’s International RealtyWooldon Manor in Southampton.

Hedge fund tycoon Scott Bommer has flipped his Southampton estate for more than $US80 million just a year after buying it for $US75 million, reports The Wall Street Journal’s Candace Taylor.

Bommer, founder of SAB capital initially listed the expansive property on Lake Agawam for $US98 million in March.

The historic estate, called Wooldon Manor, previously belonged to shoe tycoon Vince Camuto. It sold as two separate parcels: the 10,000-square-foot and 2 acres, which were bought by a “New York family” for $US50 million, and a 12-acre plot, which went to a developer.

The estate — which has a gorgeous pool, pool house, formal gardens, a romantic green house, and tennis court — had been owned by both the Woolworth family and Edmund Lynch, a founding partner of Merrill Lynch.

Wooldon Manor sits on the iconic oceanfront drive, Gin Lane.

The property sits on 14 acres of land; it was sold as two separate parcels.

Inside, the vaulted ceilings have exposed beams and skylights.

The manor has more than 30 rooms in total.

There are plenty of living areas that look out on the vast lawn.

You could have tea or breakfast in this cozy nook.

There's also a chef's kitchen with island, chandelier, and skylight.

The dining room can seat eight guests, and has breathtaking ocean views.

There are 10 bedrooms in the home.

But those can't compare to the master bedroom, which is gigantic and airy.

It even has its own bathroom suite with his and hers sinks, a vanity station, and epic bath tub near the window.

The view from the balcony looks out over the garden and towards the Atlantic Ocean.

There's also an old-school greenhouse on the property.

Relax under the terrace for dinner parties or social gatherings.

Or play a friendly game of tennis on your own court.

Or lounge by the serene pool, complete with pool house.

Here's one last look at the gorgeous property.

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