clock menu more-arrow no yes

Filed under:

Fandango Founder Lists Southampton Estate For $17.5M

New, 3 comments

Looks like selling the online movie-ticket business to Comcast paid off handsomely for J. Michael Klein. Well, that and founding Accretive Health ("a leading provider of services that help healthcare providers generate sustainable improvements in their operating margins and healthcare quality" worth about $2B). Dude is straight-up loaded. Hence, this sprawling 2.2 acre estate on Southampton's Gin Lane?"Undoubtedly one of the Top Five addresses in all of the Hamptons," per the brokerbabble.

The 7000 sq. ft. home offers eight bedrooms and a dozen bathrooms spread over separate wings, vaulted ceilings, a library, media room and a "spectacular kitchen." The property also boasts a courtyard terrace, 60 foot swimming pool, and a tennis court with a viewing pavilion. Because, really, what's the point of a tennis court without a viewing pavilion?

Even if a few pricechops are required to drum up a buyer, Mr. Klein's still got an incredible amount of breathing room to turn a handsome profit. He purchased the property from CC Wang (father of wedding dress designer to the stars, Vera) back in 2007 for $11.5M.

· Listing: Southampton - World Famous Gin Lane [Corcoran]