Bloomberg In Contract To Purchase Hamptons Home - 27 East

Real Estate News

Real Estate News / 1416282

Bloomberg In Contract To Purchase Hamptons Home

icon 4 Photos
Aerial image of Ballyshear.   COURTESY SOUTHAMPTON TOWN

Aerial image of Ballyshear. COURTESY SOUTHAMPTON TOWN

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

Image of Ballyshear from "Houses of the Hamptons" by Gary Lawrance and Anne Surchin.

authorDawn Watson on Jul 22, 2011

New York City Mayor Michael Bloomberg is buying a house in the Hamptons, according to an agent familiar with the transaction.

The New York Post reported on Wednesday, July 20, that Mr. Bloomberg had “quietly” purchased Ballyshear, a 12-bedroom, 22,000-square-foot $20-million Georgian mansion on a 35-acre estate on Whites Lane in Shinnecock Hills.

The home, which went on the market in April for $22.5 million, was represented by Prudential Douglas Elliman, though the listing has now been removed from the company’s website.

According to Southampton Town documents, the bulk of the property, which could contain up to six parcels, has been owned by Charles S. Holmes of Rutherford, New Jersey, for more than 20 years.

The land is nestled between Whites Lane, Millstone Brook Road and Barkers Island and is surrounded on three sides by reserve. The property is adjacent to the Tuckahoe Swamp Preserve and borders 34 acres of Southampton Town-owned, protected property.

Ballyshear was designed around the turn of the 20th century by architect F. Burrall Hoffman Jr. for Charles Blair Macdonald, the “father of American golf course architecture,” who has been credited with building the first 18-hole golf course in America at the Chicago Golf Club. The gardens at Ballyshear were designed by Rose Standish Nichols and Annette Hoyt Flanders. An aerial view of the property shows a swimming pool and tennis court.

You May Also Like:

Amagansett Bell Estate Section Home Sells for $11 Million

In Amagansett North, a new build at 39 Timber Trail has sold for $11 million, ... 6 Nov 2024 by Staff Writer

REI Hosts Fall Luncheon November 19: Communities Before and After Multifamily Development — Exploring Empirical Data

The Real Estate Institute at Stony Brook University College of Business will explore the evolving landscape of solutions to Long Island’s housing crisis during its fall luncheon, titled, “Communities Before and After Multifamily Development — Exploring Empirical Data.” Taking place on November 19 at Heritage Club at Bethpage, in Farmingdale, the event aims to bring together industry experts and thought leaders to share their perspectives on the future of multifamily development on Long Island and bring insight into the intricacies of Long Island’s success stories with multifamily development. “As housing paradigms shift, this event will dissect the emerging trends, technological ... 28 Oct 2024 by Staff Writer

Southampton Village Gambrel With Pool, Tennis Sells for $13.3 million

A gambrel-style residence in the Southampton Village estate section recently sold for $13.28 million. At ... 22 Oct 2024 by Staff Writer

East Hampton Home of Former WABC Reporter Doug Johnson and Late Lobbyist Liz Robbins Is for Sale

Former WABC Eyewitness News reporter Doug Johnson has put his East Hampton home on the ... by Staff Writer

After More Than a Year, Unwanted Occupants Evicted

Thirteen months after he and his wife allowed a couple with four young children to ... 15 Oct 2024 by Brendan J. O’Reilly

East Hampton Village Residence Sells for $5 Million

An East Hampton Village residence named the “Seaglass House” that recently went through a gut ... 14 Oct 2024 by Staff Writer

Sagaponack, Water Mill Have Two of the Top Three Most Expensive Zip Codes in the U.S.

Sagaponack’s 11962 and Water Mill’s 11976 are the No. 2 and No. 3 most expensive ... by Staff Writer

Agency News: Sierra Hope Joins Town & Country

Sierra Hope, who began her career in the real estate industry in 2015, has joined ... by Staff Writer

New Build Overlooking Noyac Golf Club Sells for $5.3 Million

A new build in Sag Harbor with views of the Noyac Golf Club and deeded ... 10 Oct 2024 by Staff Writer

Fed Rate Cut May Bolster Real Estate Market

The Federal Reserve’s move last week that lowered interest rates by 50 basis points was ... 3 Oct 2024 by Joseph Finora