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Tour the beachfront estate that entertainment icon Dick Cavett is selling for $62 million

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Dick Cavett's longtime Montauk home Tick Hall

Dick Cavett, longtime talk show host and entertainment icon, is offloading his estate in Montauk, New York.

Known as Tick Hall, it was built in 2001 after the original home on the 20-acre property burned down in 1997. 

Now Cavett is looking to sell the plot he's owned for 50 years, and he's listed it for $62 million. In an email to the Wall Street Journal, he said that offering up the estate was "the hardest thing in the world to do."

The Corcoran Group has the listing.

SEE ALSO: The Obamas just shelled out $8.1 million for the DC mansion they've been renting since leaving the White House

Tick Hall lies on 20 acres of property in Montauk, New York, on the far eastern end of Long Island.



It's surrounded by 77 acres of preserved land that Cavett sold to a government consortium for $18 million in 2008.



The home is clad in the classic Hamptons slate shingle siding.



See the rest of the story at Business Insider

No one wants to buy Matt Lauer's Hamptons mansion, which just got a $2.1 million price chop

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ML12

Matt Lauer is having a hard time offloading his home in the Hamptons.

According to Curbed, he just cut $2.1 million from the asking price of his Sag Harbor estate, which he originally listed for $17.995 million in July 2016. He had cut $1 million from the listing price in September, and now it's asking $14.9 million.

The home was built in a stunning traditional style with plenty of space for entertaining guests and a backyard pool to lay out by. Lauer also previously owned a three-bedroom cottage in Southampton, but that sold in January.

The "Today" show host bought Richard Gere's former Hamptons home for $36.5 million in July. 

Susan Breitenbach of Corcoran Real Estate has the listing.

Emma Rechenberg contributed reporting to an earlier version of this article. 

SEE ALSO: The founder of the Discovery Channel is selling his enormous Colorado ranch for $149 million

The 8,000-square-foot home sits on top of a 25-acre private lot.



A cobblestone driveway paves the way to the home's red front door.



Inside, the dining room is the perfect place to host the "Today" show cast.



See the rest of the story at Business Insider

A sleepy town near NYC might become the next summer hotspot, thanks to one man

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howie guja

Forget the Hamptons, if Howie Guja, photographer and real estate agent, keeps doing what he's doing, Bellport, NY, will be the next hot vacation destination.

Guja grew up in Babylon Village in Suffolk County — only about a 30 minute drive away from Bellport. Yet he stumbled upon it almost by accident as a student at the School of Visual Arts, when his sister's friend needed a ride there.

"As soon as you turn on South Country Road, you step back in time," he said. "It's just beautiful, beautiful leafy streets, white picket fences, clapboard and shingled homes, green shutters. I said, 'I have to come back here.'"

He did come back, and has lived in Bellport with his family since 2006.

beach bellportHis photos of the idyllic surroundings have earned him almost 26,000 followers on Instagramsome of whom even turn into residents themselves. 

Some locals worry that Guja’s Instagram will make Bellport too popular. One couple that he showed around town after they reached out through Instagram made an offer on a house on the spot.

He has since sold 10 homes — a large number considering Bellport is only two square miles.

The village may be small, but it continues to attract big names in fashion, art, and culture. Past residents include Vogue’s editor-in-chief Anna Wintour, designer Isaac Mizrahi, and First Lady Jackie Kennedy. Designer Francisco Costa, actress Isabella Rossellini, and art dealer Angela Westwater currently call it home.

Despite boasting some notable locals, Guja maintains that Bellport isn't "sceney."

"There's no traffic, there's no waiting to get into restaurants — it's just a quiet, laid back place where people aren't really showing off or anything," he said. "It's not a seen-and-be-seen kind of place."

Bellport is only 90 minutes outside New York City, but it couldn’t be more different.



“It's beautiful little town with a big preservation culture,” Guja said.



There’s no shortage of gorgeous scenery. “You can just walk out on the street and take a photo of almost anything and it's just so ridiculously charming,” he said.



See the rest of the story at Business Insider

Nobody wants to buy the most infamous house in the Hamptons, but American Express is renting it for the summer

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Grey Gardens

Grey Gardens has gone corporate. The home — perhaps one of the most infamous in the Hamptons — will be rented all summer by American Express, which plans to use it for special events, according to the New York Post.

The Michelin-starred restaurant Eleven Madison Park is said to be involved in the deal, but details, including the monthly rental price, are scarce.

It's still up for sale with a discounted price of $18 million — $2 million less than the owners of the home originally asked for when it listed in February. The Corcoran Group has the listing.

Anyone who saw the "Grey Gardens" documentary or Broadway play would most likely balk at living in the home it was inspired by — it was in incredibly poor shape during the filming of the documentary, and it's even rumored to be haunted.

However, the East Hampton mansion now looks nothing like it did in the 1975 documentary, which showcased the lives of Jackie Kennedy Onassis' former socialite relatives.

The journalist and author Sally Quinn purchased the mansion with her husband, the Washington Post editor Ben Bradlee, for $220,000 in 1979. They rehabilitated it to its current splendor, according to The New York Times.

SEE ALSO: New York City's 'Billionaire's Row' is dead — and a record-breaking foreclosure could be the 'nail in the coffin'

The home has the slate exterior typical of Hamptons homes.



Walk past the sizable porch ...



... and enter a home of stately beauty.



See the rest of the story at Business Insider

American Express reportedly can't hold events at the 'haunted' Hamptons mansion it planned to rent for the summer

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Grey Gardens

American Express may not be able to go through with the plans it had for one of the most infamous properties in the Hamptons this summer. 

AmEx had planned to rent the East Hampton house known as "Grey Gardens — which appeared in the famous documentary of the same name — to host events this summer. The house has been beautified since the film, and it's now on the market for both rental and purchase by its current owner, journalist Sally Quin.

But now East Hampton officials are pumping the brakes on that plan. 

"It is a residence and can not be used for commercial purposes," village administrator Rebecca Hansen told the New York Post.

Local officials have sent a cease-and-desist letter to American Express, saying that no commercial events are permitted to happen at the house. Grey Gardens lies in a residential zone and is thus covered by a local code that states that "no commercial uses of land are permitted in any residential district," according to the Post.

The first event, a Jennifer Fisher jewelry sale, has already been moved elsewhere.

Grey Gardens is still on the market for just shy of $18 million.

American Express did not immediately respond to Business Insider's request for comment.

SEE ALSO: Goldman Sachs president David Solomon is selling his enormous Aspen estate for $36 million

Join the conversation about this story »

NOW WATCH: Grey Gardens — the famous subject of a documentary, HBO film, and Broadway musical — is on sale for nearly $20 million

A startup founded by Morgan Stanley and Accenture alums in the Hamptons is raking in 7-figure revenues as it spreads to luxury markets across the US

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Hamptons Free Ride

Growing up in the Hamptons, Alex Esposito and James Mirras knew one thing to be true: The beach was great, but the parking sucked.

Between the crowds and the permit-required parking lots, there was rarely an easy — or cheap — way to enjoy a summer day on the sand.

In 2009, Esposito and Mirras, now both 30, finished their undergraduate studies at the University of Florida and Bentley University, respectively. They toyed with the idea of starting a shuttle bus company as a solution to their childhood grievance.

But there were vehicle costs, like insurance, maintenance, and fuel, to consider. Plus, the two were eager to begin their professional lives; Mirras was off to work at Morgan Stanley and Esposito was pursuing his MBA at Bentley.

"We ended up putting the idea on the back burner," Esposito told Business Insider. That is, until a few years later when a discussion about using freebies as a tool to sell products came up in one of Esposito's business school classes.

"So, Starbucks gives away internet to sell coffee, Gillette gives away razors to sell blades. James and I kind of scratched our heads and said, well, what if we made our beach bus free?" Esposito told Business Insider. "We decided to put together this model where, if electric cars can cut out the cost of fuel, and if advertisers can pay to sponsor the service, then we can provide a totally free service for this one-to-two mile gap."

They ran with the idea — but kept at their day jobs — and founded the Free Ride in the summer of 2011, debuting with a few open-air, fully electric cars operating in East Hampton. Riders could either hail a shuttle from the app, or wave one down on the street for a ride to the beach or a local restaurant. The next summer, the network expanded to include routes in Montauk and Southampton.

Nothing more refreshing than an iced cold @cocacola! Tag a friend you'd share one with! 👭 #thefreeride #shareacoke

A post shared by The Free Ride (@thefreerideinc) on Jun 14, 2017 at 2:51pm PDT on

In a crowded summer destination like the Hamptons, Esposito and Mirras found companies were willing to pay big for innovative and interactive advertising. Big enough, in fact, that it covers operating costs, and riders don't have to pay a dime.

By the following summer, Mirras had left Morgan Stanley to run operations for the Free Ride full-time. They added additional routes in South Florida and Santa Monica, California, and were soon partnering with household brands like JetBlue, Corona, Coco-Cola, and, later, L'Oreal. Since then, ad revenues have surpassed seven-figures, nearly doubling every year, according to Esposito. 

Not only are the cars wrapped in fun, cheeky advertisements, some of the companies provide freebies, like cold drinks, snacks, and beauty product samples, to riders. Plus, an iPad inside each car doubles as an interactive video advertisement and photo booth.

Esposito eventually quit his job at consulting company Accenture to join Mirras to bring the Free Ride to other cities around the country. 

"I think a lot of people nowadays look at startups as a way to get away from a desk job, but you really need to create the startup before you can take that leap, and I think that's something we both did well," Esposito said. 

Pimp my ride! Catch a ride to #VVPalmBeach with @thefreerideinc! #EDSFTG

A post shared by vineyard vines (@vineyardvines) on Apr 23, 2017 at 10:50am PDT on

They recently started expanding beyond beach-only routes. Late last year, they partnered with the city of San Diego to launch FRED, Free Ride Everywhere Downtown, an e-hailing service covering about a two-mile radius within the city.

Esposito calls it a "micro-transit solution" because it fills a gap that buses, trains, yellow cabs, and even Uber and Lyft don't fill: short, free rides you can request via an app or hail from the street.

"The response was tremendous, we had over 20,000 people sign up for the app within the first six weeks of the program, and almost 4,000 rides a week in San Diego," Esposito said.

Esposito envisions a more efficient, eco-friendly, and data-driven solution to public transit, and says other municipalities have reached out to bring the Free Ride to their cities as well. "The idea of having three buses that carry 25 passengers running all the time is just horribly inefficient," he said. "That's really where our eyes kind of opened up and we said, why have three caterpillars when we can have 20 ants?"

The Free Ride currently operates a fleet of 82 shuttles — all driven by Free Ride employees rather than contractors — operating throughout the Hamptons, South Florida, Southern California, and the Jersey Shore, each with its own operating hours and pre-determined route. Cars that aren't being used in one market, like New York during the winter, are either transferred to a busier market, or used for private events. 

To date, the company has given 1 million free rides.

"We haven't burned an ounce of fuel doing it and it's really been exciting seeing the business pivot from what was once a fun, little beach shuttle idea into now what we see as being a huge micro-transit solution that's applicable in areas all over the country and all over the world," Esposito said.

SEE ALSO: Here's what it's like to spend July 4th in the most expensive vacation town in America

DON'T MISS: The 17 best places to go this summer that don't cost a fortune

Join the conversation about this story »

NOW WATCH: What it's like to take the 'Uber of seaplanes' from NYC to the Hamptons

Take a rare look at the enormous mansions hidden behind the Hamptons' famously high hedges

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Georgica Hamptons Flyover

Beyond its beautiful beaches, bays, and lagoons is another type of eye candy native to the Hamptons: gorgeous, hidden real estate.

At the end of snaking driveways, with huge shrubs blocking any roadside view, some of the East End's most breathtaking homes are rarely seen — at least until now.

Jeff Cully, an aerial photographer with East End Fine Arts Services, captured the area's most exclusive enclaves and the mansions hidden within.

SEE ALSO: No one wants to buy Trump's Caribbean estate, which just got a $11 million price chop

Our tour of the Hamptons starts in Southampton Village, at the western edge of the South Fork of Long Island.



One of the most prestigious communities on Long Island, Southampton is also the most residential, with tons of bars, restaurants, and luxury boutiques. Tree cover is dense, hiding the celebrity summer homes of celebrities like Rachael Ray, Howard Stern, George Soros, Kelly Ripa, and Tory Burch.



To the east of Southampton is Bridgehampton, a smaller hamlet. It's a bit more low-key but no less ritzy. The Hampton Classic Horse Show is held here every year.



See the rest of the story at Business Insider

Tinder threw a Hamptons party on 'billionaire's row' that ended when police showed up — here's what it was like

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In July, the online-dating app Tinder hosted two weekend-long events in a $13 million home in Montauk on Long Island for their members-only edition, Tinder Select.

The home, according to PageSix was located on "billionaire's row" and has high-profile neighbors such as Ralph Lauren and Robert De Niro.

But the app reportedly failed to get a proper permit for the events, and the noise level of the party had the police and fire marshals showing up, ticketing guests for open containers and parking violations. Now hosts might be facing a $20,000 fine. A look at the event below.

The exclusive party catered to New York City socialites and those working in the fashion industry.



Fashion designer Timo Weiland helped guest DJ the party.



Guests such as Made cofounder Jenné Lombardo, center, and Vogue's Selby Drummond, left, attended.



See the rest of the story at Business Insider

The future of the Hamptons is uncertain as young, rich buyers ditch mega-mansions and tennis courts

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matt lauer hamptons home

The struggling Hamptons real estate market is rebounding — but young buyers are less flashy than previous generations. 

"Those great big huge houses from the 1990s and early 2000s, they’re sitting," Paul Brennan, a broker at Douglas Elliman Real Estate, told Bloomberg's James Tarmy. "I think that conspicuous consumption isn’t in vogue these days, and that’s why bigger isn’t better." 

 

The shift away from ultra-luxury is hurting the richest homeowners. 

Rather than sprawling estates that are difficult to maintain, today's buyers prefer vacation homes that are relaxing. That means fewer lawns, gardens, tennis courts, and rooms to maintain. 

At least one celebrity has fallen prey to the trend. Matt Lauer's 25-acre Hamptons estate recently got a $2 million price chop and has languished on the market for more than a year. 

The end of 2016 was challenging for the Hamptons luxury real-estate market, according to several brokerages that released reports. Data from the luxury real-estate company Brown Harris Stevens showed that average home prices had fallen by 23.1% in the fourth quarter year-over-year.

Hamptons party

In the second quarter, 48 homes that cost $5 million or more sold a vast improvement compared with the past year and a half, according to Bloomberg. 

Experts blamed the election for the previous downturn. 

"This was really due to the election," Aspasia Comnas, executive managing director of Brown Harris Stevens of the Hamptons, told Business Insider's Madeline Stone. "We're a secondary-home market, and if our buyers or sellers feel at all uncertain about what their economic future will look like — and with a change in administration, there was no way but for there to be a change in the economy — buyers and sellers hold back."

The Hamptons market has also been hurt by the growing popularity of the Hudson Valley, which has renowned hiking and food scenes. 

Madeline Stone contributed to this story. 

 

SEE ALSO: Take a rare look at the enormous mansions hidden behind the Hamptons' famously high hedges

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NOW WATCH: Expanding Warren Buffett’s value investing approach to the socially responsible sector

An enormous Hamptons estate that once belonged to the Ford family is for sale for a potentially record-breaking $175 million

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jule pond

There's a new most expensive home for sale in the Hamptons, and it has a connection to the Ford family.

Once part of a larger property called "Fordune," the 42-acre estate has hit the market for $175 million. It was originally built for Henry Ford but has reportedly been owned by portfolio manager Brenda Earl since 2002.

Cody and Zach Vichinsky of Bespoke Real Estate have the listing, which is now referring to the home as "Jule Pond."

If it sells at its current price, Jule Pond would be the most expensive home to ever change hands in the US. The current record is held by hedge funder Barry Rosenstein, who bought an East Hampton property for $147 million in 2014. 

The main house has 20,000 square feet of space, 12 bedrooms, and 12 bathrooms. The property also has tennis and basketball courts as well as a greenhouse and about 1,350 feet of oceanfront.

Let's take a look around.

SEE ALSO: A retail CEO is selling his enormous Beverly Hills 'palace' for $80 million — take a look inside

The estate is set on 42 acres in Southampton.



It fronts the ocean and several ponds, including Jule Pond.



The home was built in 1960, and many of its original architectural details have been maintained.



See the rest of the story at Business Insider

A massive Hamptons estate that once belonged to the Ford family is on the market for a potentially record-breaking $175 million

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There's a new most expensive home for sale in the Hamptons, and it has a connection to the Ford family.

Once part of a larger property called "Fordune," the 42-acre estate has hit the market for $175 million. It was originally built for Henry Ford but has reportedly been owned by portfolio manager Brenda Earl since 2002.

Cody and Zach Vichinsky of Bespoke Real Estate have the listing, which is now referring to the home as "Jule Pond."

If it sells at its current price, Jule Pond would be the most expensive home to ever change hands in the US. The current record is held by hedge funder Barry Rosenstein, who bought an East Hampton property for $147 million in 2014. 

Join the conversation about this story »

Beyonce and Jay Z's new $26 million secluded Hamptons mansion sits on an exclusive stretch of waterfront — take a look inside

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beyonce us open 2016

It was an expensive summer for Beyoncé and Jay-Z.

Less than two months after the billion-dollar power couple purchased a 2-acre hillside estate in Los Angeles for $88 million, they've scooped up a $26 million Hamptons property, reports Trulia.

They will be paying $69,658 a year in property taxes for the 12,000 square-foot mansion, which is located in East Hampton, New York, and sits adjacent to the exclusive Georgica Pond. Lori Schiaffino of Compass held the listing.

The Carters currently hold Forbes' title of the highest-paid celebrity couple in the world, with a combined fortune of $1.16 billion.

The entertainment moguls have famously been serial renters, only recently settling down as homeowners after the birth of their twins in June.

Scroll through for photos and to watch the video tour of Beyoncé and Jay-Z's new Hamptons abode.

SEE ALSO: Beyoncé and Jay-Z bought an $88 million house — here's why their $52 million mortgage might be a smart business decision

DON'T MISS: Take a rare look at the enormous mansions hidden behind the Hamptons' famously high hedges

Designed by architect Stanford White and built a century ago, the home has been renovated and expanded over the years to incorporate new, modern amenities. The latest renovation was designed and sourced by builder Jeffrey Collé.



The property includes a detached, 1,800-square-foot guest cottage. There's also a 45-foot-long infinity pool and accompanying spa.



Elevated on a two-acre site with over 200 feet of waterfront on Georgica Pond, it's private and secluded. The previous owner reportedly rotated the original house 90-degrees to frame the views of the waterfront from the living room.



See the rest of the story at Business Insider

A hedge funder once paid nearly $800,000 in rent to stay at this fashion mogul's home in the Hamptons — and now you can buy it for $45 million

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Screen Shot 2017 10 04 at 9.43.10 AM

Fashion designer Elie Tahari's Hamptons home has just gone on the market for $45 million. 

Tahari originally purchased the home for $12.1 million in 2005. The designer said in a statement to the Wall Street Journal that he's selling it because his focus is currently on his business. 

"I haven't been there for the last two summers," he said in the statement.

During one of those two summers, the Sagaponack home was rented to a hedge fund manager for nearly $800,000 for the months of July and August, the property's listing agents, Keith Green and Ann Ciardullo from Sotheby's International Realty, told the Wall Street Journal.

Take a look at the private beachfront, pool, and three-bedroom home, below.   

SEE ALSO: Nobody wants to buy this $7.5 million duplex being sold by the former CEO of Equinox

The home is 4,500 square feet ...



... and sits on two and a half acres of property.



There are three bedrooms ...



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People are ditching the Hamptons for this weekend destination nearby — and fall is the best time to visit

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North Fork

Once there starts to be a chill in the air, it's time to ditch the Hamptons in search of something more quaint and cozy.

The North Fork of Long Island, New York, just across the Peconic Bay from the more glitzy Hamptons, offers wineries, pumpkin patches, and decadent restaurants for friends and families to enjoy. 

Just an hour and 45 minutes from New York City, the North Fork is the perfect weekend escape. If driving isn't for you, the Long Island Railroad makes several stops across the North Fork, all the way out to Greenport.

We've put together a guide for the perfect fall getaway in Long Island's North Fork, including advice on where to eat, where to stay, and what to do. 

SEE ALSO: This luxury travel agency will take people to an undisclosed, secret location to 'get lost' — for $33,000 each

Where to eat:

One of the most underrated parts of the North Fork is its up-and-coming food scene.

Caci, located in Southold, uses both locally sourced and Italian-imported ingredients to create its seasonal menus. Try any of the homemade pastas or hearty fall dishes.



Though it only opened a little over two years ago, American Beech, located on Main Street in Greenport, is already well-known for its market-fresh American fare. The buttermilk fried chicken is the perfect cozy dish.



For more family-friendly eats, try out Claudio's, which is also located in Greenport. It's the oldest, same-family-owned restaurant in the US, according to the National Restaurant Association.

 



See the rest of the story at Business Insider

The most infamous house in the Hamptons has finally found a buyer

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Grey Gardens

Anyone who saw the documentary or Broadway play would likely balk at living in the actual home that "Grey Gardens" inspired. After all, the home was in poor shape during the filming of the documentary, and it's even rumored to be haunted.

But eight months after being put onto the market, the home has finally found a buyer, the Washington Post reported. It was originally listed for just shy of $20 million in February, though that price was reduced to $17.995 million in April. 

The East Hampton, New York, mansion now looks nothing like it did in the 1975 documentary showcasing the lives of Jackie Kennedy Onassis' ex-socialite relatives. 

Journalist and author Sally Quinn purchased the mansion with her husband, the late Washington Post editor Ben Bradlee, for $220,000 in 1979. They completely rehabilitated it to the current splendor that it now shows, according to The New York Times.

Quinn would not diclose the name of the buyer or what he or she paid, though she told the Post that this individual "really understands the house." She added that she will be holding an estate sale of many of the home's furniture pieces, including things she found when she first bought the house.

The Corcoran Group had the listing.

SEE ALSO: The CEO of Restoration Hardware just slashed the price of his enormous Napa Valley home that's like a real-life catalog

The home has the slate exterior of a typical Hamptons home.



Walk past the sizable porch ...



... and enter a home of stately beauty.



See the rest of the story at Business Insider

A hedge fund manager just put his $70 million Hamptons beach house on the market — take a look inside

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rosenstein house

  • Hedge-fund manager Barry Rosenstein put his Hamptons beach house on the market for $70 million.
  • The property covers 13,623 square feet and has seven bedrooms, 9.5 bathrooms, a guest cottage, and a lap pool.
  • Rosenstein broke the record for the most expensive home ever sold in the United States when he paid $137 million for another Hamptons property in 2014.

 

Three years after buying the most expensive home in US history, hedge-fund manager Barry Rosenstein is putting another of his homes on the market for $70 million. Located in the Hamptons, the home was purchased by Rosenstein for $19.2 million in 2005, according to the Wall Street Journal.

Rosenstein founded the hedge fund Jana Partners in 2001. The fund has invested in Whole Foods and Blue Apron, among other companies. In 2013, he paid $137 million for a home in East Hampton — a purchase that remains a record in the United States.

While it won't break any real estate records, Rosenstein's $70 million property is still quite luxurious. Take a look at what it has to offer.

SEE ALSO: A 20-year-old YouTube star just bought a $6.9 million mansion — take a look inside

The home covers 13,623 square feet.

Source: Douglas Elliman Real Estate



If the home sells for its listed price, Rosenstein stands to make a profit of more than $50 million. He bought it for $19.2 million in 2005.



It has a total of seven bedrooms and 9.5 bathrooms.



See the rest of the story at Business Insider

How much homes cost right now in the Hamptons, one of America's most elite summer vacation destinations

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Sag Harbor

  • The Hamptons is one of the most elite vacation destinations in America.
  • Many rich celebrities, hedge fund managers, CEOs, socialites, and politicians own multi-million dollar summer homes in the Hamptons.
  • The high volume of mansions in the Hamptons — and its waterfront locale — makes it one of the most expensive real estate markets in the US.

The Hamptons is the preeminent summer vacation destination in the tri-state area.

The Hamptons encompasses more than two dozen villages and hamlets on Long Island. While people live there year-round, it's the months between Memorial Day weekend and Labor Day weekend each year when visitors infuse the Hamptons with energy — and money.

The Hamptons is hallmarked by its countless famous and flush residents, including hedge fund managers, celebrities, CEOs, and socialites. Bill and Hillary Clinton have long vacationed on Georgica Beach in East Hampton. And Southampton even has its very own "Billionaire Lane" reserved for the rich and powerful.

Such prestige doesn't come cheap. At least seven towns in the Hamptons have a median home listing price of around $1 million. That means half the houses for sale in those places are priced under seven figures, and half are priced above. What's more, at least 11 towns have median home prices between $2.2 million to $5.6 million.

That's according to StreetEasy, which recently launched a new Hamptons platform, Out East, for sale and rental listings in the Hamptons. Out East provided Business Insider with a ranking of most expensive towns in the Hamptons based on median list price.

Below, we've featured the 21 towns in the Hamptons where the median list price is highest as of February 22, ranked from least expensive to most. Towns with fewer than 20 homes for sale were excluded from the list.

SEE ALSO: America's richest people buy homes in 'power markets' — here are the 17 most expensive and exclusive places

DON'T MISS: To a billionaire, the cost of a trip to Bali is like buying a candy bar — here's what spending looks like when you're that rich

Hampton Bays

Homes listed: 109

Median list price: $799,000



Cutchogue (Nassau Point)

Homes listed: 21

Median list price: $949,000



Southold

Homes listed: 26

Median list price: $997,000



See the rest of the story at Business Insider

'Uber-for-helicopters' startup Blade just raised $38 million — here's what it's like to fly to the Hamptons

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blade flight

  • Blade is a transportation startup that offers on-demand flights to destinations like the Hamptons.
  • It just raised an additional $38 million in venture funding. 
  • We took a helicopter ride with Blade in 2015 — here's what it was like.


Getting to the Hamptons can be a real drag. Blade, an aviation startup cofounded by former Sony and Warner Music Group exec Rob Wiesenthal and GroupMe cofounder Steve Martocci, aims to make it a little easier on you. 

Blade uses an app to crowdsource flights on helicopters and seaplanes that you can book seats on in an instant. Though Blade started out with flights to the Hamptons, which remains one of its most popular destinations, the startup has expanded to offer flights in many weekend getaway spots, including Nantucket, the Jersey Shore, and around different parts of Los Angeles.

Tickets range from $494 to $695 for a trip from Manhattan to the Hamptons. A one-way ticket on Blade One, the company's private jet service from New York to Miami and Palm Beach, costs about $2,200. You can even snag a seat on a helicopter going to one of the New York area airports, a five-minute ride called Blade Bounce that starts at $195.

The company just raised $38 million in a Series B funding round led by Colony NorthStar and Lerer Hippeau. Airbus Helicopters and LionTree Ventures also contributed to the round. 

According to a press release from the company, the new funding will go towards expanding Blade's routes. Blade and Airbus will partner to launch an intra-city helicopter service in a to-be-determined market overseas. Blade added that Colony will be helping to identify future potential landing sites for eVTOLs, or flying taxis, which both companies see as an important foundation for future transportation initiatives. 

Blade has raised $60 million in venture funding to date, the company said. Past investors include Discovery Communications' David Zaslav, Google's Eric Schmidt, IAC's Barry Diller, and iHeart Media's Bob Pittman.

Blade treated us to a trip to the Hamptons on a late summer evening in 2015. Here's what it was like:

SEE ALSO: This $2 million SUV is bulletproof and cut like a diamond — look inside

Our journey began in Blade's 34th Street lounge, where we found a comfortable setup of couches and stools along a sleek bar. "You can't beat the on-demand aspect," Jarrett, a Blade customer who works in Manhattan real estate, told me. Blade has a network of seven lounges in four states.



Customer experience (or C/X in Blade lingo) representatives Jessica Rooney and Erin Mulcahy were there to help. They're wearing uniforms that were custom designed by Jimmy Choo founder Tamara Mellon just for Blade.



The C/X team has worn several different retro-inspired uniforms. "My inspiration for Blade harkens back to the days when I was a young child and my parents would dress me up to get on a plane," Wiesenthal, Blade's cofounder and CEO, said to Business Insider in 2016.

He added: "It was the golden age of aviation — the '60s to early '70's, the Jack Kennedy, Frank Sinatra era — when getting on a jet plane was a big deal and an adventure. Not everybody did it. And there was always a story attached to it."



See the rest of the story at Business Insider

Here's what it's like to spend July 4th in the most expensive vacation town in America

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  • Fourth of July in America's most expensive vacation town — Southampton, New York — can be extravagant.
  • Pool parties and fancy backyard dinners, anyone?
  • These Instagram photos show how it's done.

Good company, delicious food, and plenty of sunshine: That's the winning formula for any summer vacation.

But in certain corners of the country, the summer soirées seem a bit more extravagant.

We turned to Instagram to find out how the most expensive vacation town in America— Southampton, New York — celebrates the Fourth of July.

The occasion is filled with pool parties, fancy backyard dinners, and beautiful views.

Scroll through the photos below to see for yourself.

SEE ALSO: The 21 best places to celebrate the 4th of July this year, ranked from most to least expensive

DON'T MISS: 10 cities where you can make 6 figures and still feel broke

Southampton, New York, is located on the East End of Long Island in the Hamptons.

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At least 5% of the homes in Southampton are occupied seasonally, and it doesn't come cheap. The median listing price for a home in the area is just over $1.5 million, making it the most expensive vacation town in America, according to Trulia.

 

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Source: Business Insider, Trulia



The seaside town is a hotspot for travelers during the summer, especially for those looking to escape New York City for a long weekend.

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See the rest of the story at Business Insider

Matt Lauer will reportedly pay ex-wife Annette Roque up to $20 million in divorce settlement

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  • Matt Lauer will reportedly pay his ex-wife Annette Roque up to $20 million in a divorce settlement, Page Six first reported.
  • Lauer is "bending over backwards" to finalize their divorce "because he feels so guilty for cheating with multiple women at work," sources close to Lauer told the outlet.
  • In July, Lauer was reportedly "furious" that he had to give away $50 million in his divorce settlement to Roque, Us Weekly reported at the time.

 

Matt Lauer will reportedly pay Annette Roque up to $20 million in their divorce, settlement Page Six first reported.

Lauer is "bending over backwards" to finalize their divorce "because he feels so guilty for cheating with multiple women at work," sources close to Lauer told the outlet.

In July, Lauer was reportedly "furious" that he had to give away $50 million in his divorce settlement to Roque, Us Weekly reported at the time.

"Matt is furious he is essentially handing over half of his net worth to Annette," a source close to the former NBC anchor told Us Weekly. "He could fight for a better deal in court but that would only result in dragging this out longer and negative headlines."

Roque filed for divorce from Lauer in January, shortly after Lauer was fired from "The Today Show" in November 2017 for reported sexual misconduct.

Join the conversation about this story »

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