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Quiogue estate with private art museum cuts $4.55M from asking price

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It was originally asking $23.45M


Originally listed for $23.45 million back in July, this waterfront Quiogue estate referred to as “Camp Jerome” has cut $4.55 million from its asking price, making it available for $18.9 million under Corcoran Group agent, Tim Davis.

The estate is the former home of venture capitalist, Jerome Stern. Stern and his wife, Ellen, wanted to create a space for the art pieces that they’d collected over the years, so they recruited a sculptor to design what’s known as an “art barn.”

The 7,500-square-foot private art museum is a two and a half story, climate-controlled galvanized steel building with 36-foot high ceilings, and has been occasionally opened to city museums for tours or benefits. But for the most part, the Sterns have kept their private art museum to themselves—and they did a good job of camouflaging it on the property by surrounding it with landscaping.

Built in 1902, the main house stands 9,400 square feet in size with 12 bedrooms and 12 bathrooms among three stories. The property spans 16 acres and features 500 feet of newly bulkheaded water front, two guest houses, a three-stall horse barn with paddocks, a tennis court, a basketball court, and a 50-foot in-ground pool.

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