Real estate mogul with Related Companies Jeff Blau is selling his Hamptons home on Long Island for $32 million, the New York Daily News reports. The estate is located on Dune Rd. in Bridgehampton, NY.
The house has views of the Mecox Bay, a tennis court, a pool, a spa, and a playground. The main house was renovated by interiors guru Michael Davis and has six bedrooms.
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The businessman is selling the home just a couple of months after unloading his Manhattan co-op located at 1040 Fifth Avenue for $34.5 million. Blau can put the funds from the two sales to cover the $51 million that he and wife Lisa spent on a townhouse on E. 70th Street in Manhattan.
Blau can also use the money to development on his new estate in the Hamptons. The Daily News also reported that the real estate titan bought two adjoining parcels of land just off Wainscott Main Street for $25 million in 2013 and hopes to build three houses there.
Jeff T. Blau is Chief Executive Officer and a general partner of Related Companies. For the past 25 years he has been responsible for directing and overseeing new developments worth over $20 billion in virtually every sector of the real estate industry. In his position as CEO, he is responsible for the strategic direction of the company, overall management of the firm, the pursuit of new development opportunities and corporate acquisitions and financing activities across all business platforms. Mr. Blau serves on the Board of Directors of Equinox Holdings, Inc., the Central Park Conservancy, the New York City Partnership and Partnership Fund for New York City, Real Estate Roundtable, and The Wharton Graduate Executive Board. He also serves on the Board of Trustees of The Mount Sinai Medical Center, Urban Land Institute, Association for a Better New York (ABNY) and is a board member of the Union Square Partnership.