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Record-setting Sagaponack home to be torn down

An oceanfront home in Sagaponack that was sold

An oceanfront home in Sagaponack that was sold this past year by Joanne Corzine, the ex-wife of New Jersey Gov. Jon Corzine, will be torn down. The house at one time rented for $900,000, real estate sources say. ( April 2009 ) Photo Credit: Handout

The new owner of a Sagaponack home that sold this past year for $43.5 million wants to tear it down. The 6,200-square-foot oceanfront home once belonged to Joanne Corzine, the ex-wife of former New Jersey Gov. Jon Corzine. She set a record in 2009 when she rented the house for $900,000. She sold the property  to New Jersey billionaire hedge fund manager David Tepper through a limited liability corporation. He now has approval from the village to demolish the house and build anew. Read more about his plans here, and read more about the house here.

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