Southampton mansion Wooldon Manor sells for $80 million

The Southampton estate Wooldon Manor has sold for The Southampton estate Wooldon Manor has sold for $80 million. A portion of the historic 14.5-acre estate was purchased by a New York family for $50 million, an associate broker with Sotheby's International Realty in Southampton said. Photo Credit: Chris Foster

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An oceanfront mansion in Southampton has sold for more than $80 million to two separate buyers, one of the brokers handling the sale said Thursday.

A portion of historic Wooldon Manor, the 14.5-acre estate that once belonged to the Woolworth family, was purchased by a New York family for $50 million, said Harald Grant, an associate broker with Sotheby's International Realty in Southampton. The family bought the parcel that includes the 10,000-square-foot, English Tudor-style home, plus an adjacent two acres, Grant said.

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The sale closed Tuesday, said Grant, who listed the home along with Sotheby's colleague Ed Petrie and Tim Davis of the Corcoran Group in Southampton.

A developer is in contract to buy the remaining three parcels, where three homes are expected to be built, Grant said.

Grant declined to name the two buyers.

"It's one of the most unusual pieces of property on the ocean, on Gin Lane," Grant said. "People spend higher prices for a better location, and this was as good as it gets."

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Scott Bommer, founder of hedge fund SAB Capital Management, bought the estate from fashion mogul Vince Camuto last year, for $75 million, according to LI Profiles, a Brightwaters-based real estate information firm. Bommer listed it in March for $98 million.

The sprawling property includes a pool, formal gardens, gazebo-greenhouse and tennis court.

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