After several years on the market and several price chops, ad mogul Jerry Della Femina has sold his sprawling Hamptons estate for $25 million, The New York Post reports.
Della Femina, who initially tried to get $40 million for the property, blamed President Obama for forcing him out of town.
“I want the proceeds of this sale to go to my kids and my grandkids,” he told The Post's Jennifer Gould Keil and Selim Algar. “I don’t want my money going to Obama, and that’s what’s going to happen in the New Year. That’s why I sold right now, that’s why I wanted to get this done.”
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.“I’m basically the loser in Obama’s class warfare,” he added.
Curbed Hamptons has heard that the buyer is David Zaslav, the CEO of Discovery Networks and the third-highest paid CEO in America.
The East Hampton house has eight bedrooms, 6.5 bathrooms, and sits on nearly 1.7 acres.
The estate is on prestigious Lily Pond Lane in East Hampton.
There's a heated pool in case the ocean is too cold.
The 7,000-square-foot mansion is three stories high.
Ocean views from every room.
An airy breakfast nook.
A kitchen built for a chef.
The living room is stark white, classic Hamptons.
There are eight bedrooms in total.
The pool area is the highlight of the house.
There's a separate pool house.
Unobstructed ocean views.
Take the stairs down to the beach.
It's just a short walk.
Look who just bought in LA.
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