The kings of Wall Street really do live like kings.
From 57-acre Hampton estates to Georgian mansionsn the middle of Manhattan, bankers and hedge funders have locked down some of the most valuable real estate in America.
And don?t think the recession is slowing them down.
Purchases in the past year include investor Eddie Lampert?s $40 million Florida mansion; hedge funder John Paulson?s $49 million Aspen home; Oaktree Capital co-founder Robert Bass?s $42 million Fifth Ave apartment, and his business partner Howard Marks? $52.5 million adjoining duplexes on Park Ave.
We?ve tracked down the most expensive banker and hedge fund homes.?To estimate value, we looked at recent sale records and local tax records and assessment values, and we spoke to local realtors and experts at?Zillow?and?Blockshopper.
#25 Cliff Asness?s Greenwich mega-mansion
Estimated value: $10 million
Title: Co-founder of AQR capital
Hedge funder Cliff Asness purchased a 7,795-square-foot home in Greenwich, CT, in 2003 for $9.6 million, which has 8.5 bedrooms and 6 bathrooms. But that wasn?t large enough, so Asness is expanding his property.
In February 2012, The Wall Street Journal reported that Asness and his wife were planning to expand their home and build a 25,900-square-foot, Colonial-style home with an indoor swimming pool and tennis court in Greenwich, according to permits and other town records.
Based on his taxes, the property is valued at about $6 million, based on Greenwich assessment records, but after construction is completed the value could be much higher.
To evaluate the homes, we looked at recent sale records and local tax records and assessment values, and we spoke to local realtors and experts at?Zillow?and?Blockshopper.
#24 Jamie Dimon?s Westchester retreat
Estimated value: $17 million
Title: Chairman, President, and CEO of JP Morgan Chase
Jamie Dimon?s 34-acre country estate in Westchester?s elite hamlet of Bedford, New York, is the ideal country retreat. Nestled in a wooded area, his 1930s mansion has 10 bedrooms, seven full bathrooms, and three half bathrooms.
Dimon purchased the mansion for $17 million in 2007. While home values in Westchester have generally gone down since the recession, a local broker who specializes in homes in Bedford told us that since this is such a special and unique property, the value of the home would likely hold.
To evaluate the homes, we looked at recent sale records and local tax records and assessment values, and we spoke to local realtors and experts at?Zillow?and?Blockshopper.
#23 Steve Cohen?s sprawling Greenwich estate
Estimated value:?$17.85 million [based on Greenwich assessor records]
Title: Hedge fund manager and founder of SAC Capital Advisors
Steve Cohen and his wife paid $14.8 million for a?35,000-square-foot mansion on 14 acres in Greenwich back in 1998. In 2008 he proposed adding 1,145-square-feet to his house turning it into a massive estate.
The home has a basketball court, an indoor pool, a 6,734-square-foot ice rink (plus a Zamboni machine two smooth it out), formal gardens, a tennis court, and a two-hole golf course.
To evaluate the homes, we looked at recent sale records and local tax records and assessment values, and we spoke to local realtors and experts at?Zillow?and?Blockshopper.
See the rest of the story at Business Insider
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Source: http://jensensalpha.com/the-most-expensive-homes-in-finance/
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