Hedge fund tycoon Scott Bommer has flipped his Southampton estate for more than $80 million just a year after buying it for $75 million, reports The Wall Street Journal's Candace Taylor.
Bommer, founder of SAB capital initially listed the expansive property on Lake Agawam for $98 million in March.
The historic estate, called Wooldon Manor, previously belonged to shoe tycoon Vince Camuto. It sold as two separate parcels: the 10,000-square-foot and 2 acres, which were bought by a "New York family" for $50 million, and a 12-acre plot, which went to a developer.
The estate — which has a gorgeous pool, pool house, formal gardens, a romantic green house, and tennis court — had been owned by both the Woolworth family and Edmund Lynch, a founding partner of Merrill Lynch.
Wooldon Manor sits on the iconic oceanfront drive, Gin Lane.
Source: Sotheby's International Realty
The property sits on 14 acres of land; it was sold as two separate parcels.
Source: Sotheby's International Realty
Inside, the vaulted ceilings have exposed beams and skylights.
Source: Sotheby's International Realty
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