The Hamptons estate of the late hedge-fund pioneer Jack Nash will list for $38.5 million, said Tim Davis of the Corcoran Group, who is listing the property with Harald Grant of Sotheby’s International Realty.
Built in 1904, the nearly 8,000-square-foot, shingle-style Water Mill house on Mecox Bay has been in the Nash family for more than 30 years, Mr. Davis said. Mr. Nash was chairman of the investment firm Oppenheimer & Co. before co-founding the hedge fund and private-equity firm Odyssey Partners in 1982. He died in 2008. The property is being sold by his wife, Helen, the author of several kosher cookbooks.
The nearly 6-acre property is unusual because it has more than 500 feet of frontage on Mecox Bay, Mr. Davis said.
In addition to the main house, which has six bedrooms and eight bathrooms, there is a four-bedroom guesthouse and a four-story tower with a bedroom, a bathroom and a kitchenette. The property also has a gym, a heated swimming pool, a tennis court and a dock on the bay.
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Visit the Listing at : www.timdavishamptons.com