A billionaire's massive and secluded estate on Georgica Pond in Wainscott, New York, is on the market for $95 million.
Pharmaceutical billionaire Stewart Rahr, the self-proclaimed "No. 1 King of All Fun," told The New York Times that he's selling "Burnt Point" because he now summers in Europe.
The 25-acre piece of land was originally purchased by commodities trader David Campbell in 1996 for $10 million, according to Forbes.
Campbell had architect Francis Fleetwood design the sprawling 18,000-square-foot eight-bedroom house. In 2004, the estate was sold to Rahr for $45 million, which was the most expensive home ever sold in the state of New York at the time.
Rahr recently transferred ownership of the property to his charitable foundation, The New York Times report said. Corcoran has the listing. It's definitely a dreamy summer home. Now, we're going to take a tour.
This is Stewart Rahr, aka Stewie Rah Rah and the No. 1 King of All Fun, as he refers to himself.
Welcome to the Burnt Point Estate at Wainscott, built in 1997.
If you're flying in from the nearby East Hampton Airport, this would be your view. The two-floor, 18,000-sq.-ft. estate rests on a 24-acre property with many amenities.
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