A billionaire entrepreneur is the customer of a newly constructed mansion in Bridgehampton.
Co-owner of the Boston Celtics Wyc Grousbeck and his spouse, Emilia Fazzalari, dropped $58 million on the oceanfront dwelling at 165 Surfside Drive, the New York Post first reported. The eight-bedroom property was constructed final 12 months by developer Joe Farrell.
The 1.24-acre property initially requested just below $80 million when it hit the market in April 2024. Farrell slashed the asking worth by $10 million final October.
Grousbeck’s new abode spans 8,600 sq. ft and has eight loos and a 4,400-square-foot rooftop terrace with a placing inexperienced. The grounds additionally function a pool, a six-car storage and 125 ft of oceanfront.
Compass’ Richard Steinberg and Hedgerow Unique Properties’ Greg Gould and Dominic Couzens represented Grousbeck within the deal.
The house is close to one other of Farrell’s developments, a sprawling waterfront property at 155 Surfside Drive, which hit the marketplace for a whopping $125 million in 2023. The property is now not being supplied on the market, although it has hit the marketplace for hire a number of occasions, asking $1 million for a couple of month-long keep.
Farrell, CEO of the eponymous improvement agency, introduced final week that he purchased an oceanfront dwelling at 42 Deforest Street in Montauk for $17 million, a record-high worth for the neighborhood of Ditch Plains Seashore, Behind the Hedges reported. The one-acre property final requested just below $20 million.
Grousbeck’s buy in Bridgehampton comes roughly three months after he bought his controlling curiosity within the Celtics to a bunch led by personal fairness govt William Chisholm for $6.1 billion. Grousbeck, who purchased the workforce in 2002 for $360 million, ceded his seat as governor of the workforce as a part of the deal, although he’s remaining on board till Chisholm takes over the remainder of the corporate in 2028.
Among the investors in Chisholm’s group is Bruce Beal, Jr., the president of Associated Firms. Beal can be the vice chair and companion of the Miami Dolphins NFL workforce, which the event agency’s chairman, Stephen Ross, owns.
Learn extra
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Joe Farrell is bringing affordable housing to the Hamptons’ Eastport
