Hedge funder Barry Rosenstein puts oceanfront Hamptons manse on the market for $70M

Barry Rosenstein, a hedge fund executive who bought an 18-acre Further Lane estate for $137 million in East Hampton just three years ago in 2014—and subsequently broke the record for the most expensive home ever sold in the United States—just listed his oceanfront Lily Pond Lane estate for a whopping $70 million, reports the Wall Street Journal.

Standing a massive 13,623 square feet in size, the mansion has seven bedrooms and nine and a half bathrooms. The 1920s shingle-style home has been completely reconstructed since Rosenstein purchased the property in 2005 for $19.2M.

Decked out with custom stains and cedar paneling, the current structure was designed by architect Rick Cook of CookFox Architects, who is known for the Bank of America Tower in New York City’s Bryant Park.

In addition to the main house, there’s also a two-bedroom guest cottage, office or studio structure, a garage, and an exercise room.

The estate is listed with agents Tal and Oren Alexander of Douglas Elliman Real Estate.

• Hedge Fund Exec Barry Rosenstein Lists Hamptons Estate for $70M [Wall Street Journal]
• 18-Acre Hamptons Estate Sells For a Record-Setting $147M [Curbed Hamptons]
• 27 Drew Lane [Douglas Elliman]