Instant Alert: The Hamptons estate of a late hedge funder just sold for $27 million

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   The Hamptons estate of a late hedge funder just sold for $27 million by Dennis Green on Nov 2, 2015, 1:33 PM Advertisement A Hamptons home that belonged to the same family for more than 30 years has finally sold after more than a year on the market, according to The Wall Street Journal. Dating back to 1904, this Water Mill mansion previously belonged to Jack Nash, the co-founder of the hedge fund Odyssey Partners. Nash died in 2008, and his wife, Helen, had put the house on the market with Corcoran and Harald Grant of Sotheby’s International Realty. Though realtors had originally hoped to get $38.5 million for the home, it finally sold for $27 million — a 30% reduction. The home sits on Mecox Bay and includes panoramic ocean views and even a livable water tower. Alyson Penn wrote an earlier version of this story.  SEE ALSO: Priced at $40 million, Michigan's most expensive home for sale is like a giant cabinet of curiosities DON'T FORGET: Follow Business Insider's lifestyle page on Facebook! This expansive, waterfront Hamptons property belonged to the Nash family for 30 years. The compound sits on six acres and has 500 feet of land fronting Mecox Bay. The property is said to have stunning Linden maple and dogwood trees. See the rest of the story at Business Insider   Share the latest business news with your network: Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011