Was Bermuda too far for him? Does he want to be closer to wealthy donors for an upcoming Presidential Bid? Whatever the reason, New York City Mayor Michael Bloomberg is currently in contract to buy a house in Southampton.
But not just any house, of course. For a rumored $20 million, Bloomberg is picking up the storied Ballyshear Estate, a 22,000-square-foot Georgian mansion built in 1910 with 11 bedrooms, 8 bathrooms, and gardens designed by the Olmsted Brothers (a firm run by the son and step-son of Frederick Law Olmsted of Central Park fame). It was originally on 200 acres, which were sold off over the years (the property is now just 35 acres). We can't wait to run into him at Tate's Bakeshop.
· Listing for 117 Whites Lane, Southampton [Prudential Douglas Elliman]
· Mayor Bloomberg buying $20 million Hamptons estate. [NY Post]
· Ballyshear History [Old Long Island]
· All Previous Ballyshear Coverage [Curbed Hamptons]