By: Serach Nissim
The longtime Hamptons mansion of late billionaire Sheldon Solow is about to hit the market for $70 million.
The 14-acre property, which sits on Georgica Pond, is located in an enclave in Wainscott, which is exclusive to some of New York’s richest persons. As per the Wall Street Journal, the home is neighboring a home which recently sold for $47 million, formerly owned by Stewart Rahr, a billionaire entrepreneur. Across the pond, Billionaire Ron Perelman, famed as Revlon’s major stockholder, owns an estate named “The Creeks”, as per property records.
Solow, the real estate developer who passed away last year at age 92, purchased the property for $19.5 million in 2006. He completed construction on the main shingled house in about 2010, as per one of the listing agents, Kyle Rosko of Douglas Elliman. The traditional style, roughly 10,000-square-foot home features a double-height entry foyer leading into a formal dining room with a fireplace, Mr. Rosko said. The family room has French doors which open out to a large screened-in porch. The house boasts a library, a sun room, a home theater, gym and a steam shower.
As per the WSJ, Mr. Rosko said the house currently has six bedrooms, but could be configured to accommodate up to 10 bedrooms. The grounds include a heated gunite pool overlooking the pond, and a pool house. The property has over 800 feet of water frontage on the pond. Mr. Rosko added that the estate’s value is higher because it can likely be split to create a whole second home, complete with its own pool, pool house and tennis court. Mr. Rosko is co-listing the property along with colleagues Marcy Braun, Paul Brennan and Martha Gundersen.
Mr. Solow had a net worth of over $4 billion, as per Forbes. He was one of New York’s renowned builders, with over 50 years of experience designing, constructing and managing some of Manhattan’s finest commercial and residential real estate. He is probably best known for the iconic 50-story black glass office tower at 9 West 57th Street. Solow’s son, Stefan Soloviev, said he is handling the Hamptons home sale on behalf of the estate. Soloviev currently runs Solow Building Co, as well as an agriculture conglomerate named Crossroads Agriculture based in Colorado and New Mexico. He is ranked as the 54th largest landowner in the country.
