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Billionaire Pays $14 Million For One Hole of Golf?And Sagaponack Estate

Businessman Henry Silverman is putting down some serious roots with the $14 million purchase of a 12,000+ square foot home in Sagaponack. Having paid a record-breaking $900,000 for a summer rental last year, Silverman won't need to pack up on Labor Day now that he's closed on 8 bedrooms, 8 1/2 baths, a geothermal heating and cooling system, an infinity-edge pool, tennis court and one-hole golf course set on 2.38 acres. Of course, Silverman knows a thing or two about real estate. As COO of Apollo Management, his company owns part of Sotheby's International Realty, Coldwell Banker and Century 21 Real Estate.
· Billionaire businessman buys Sagaponack estate for $14 million [Real LI]