The billionaire co-founder of Tory Burch is promoting his Water Mill property, 5 years after shopping for the Hamptons residence.
Chris Burch, a enterprise capitalist and chief govt officer of Burch Inventive Capital, listed his property at 258 Horsemill Lane for $39.5 million, the New York Put up reported. Ought to he fetch that value, it could work out to almost $3,300 per sq. foot.
Burch, the ex-husband of Tory Burch, purchased the property again in 2021 for $29 million. Since then, he’s renovated the shingle-style residence to make it extra up to date.
Options of the seven-acre property, dubbed Listowel, embrace a 12,000-square-foot important residence with seven bedrooms, a two-story library, a pool overlooking the water, a non-public dock and a carriage home.
There’s additionally 360 ft of water frontage on Mecox Bay and approvals in place for the addition of a three-bedroom guesthouse.
The Corcoran Group’s Tim Davis has the listing.
Earlier than shopping for the pad, Burch sold his 7,000-square-foot Southampton to the Cox media family for $15.5 million, about $500,000 above the asking value and practically double what he paid for it in 2013. The Water Mill residence was listed for $29.5 million when Burch purchased it, however had beforehand been listed for $39.5 million earlier.
Three years in the past, Burch listed his waterfront North Bay Street mansion in Miami Seaside for $49 million. Burch purchased the Miami Seaside residence from Heinz Brasil govt Salvador Paoletti Neto for $14.2 million in 2020. It doesn’t seem to have been offered and isn’t in the marketplace as we speak.
After a brief marriage to actual property mogul Billy Macklowe in 1993, Tory Burch married Christopher Burch in 1996. The couple launched her model in 2004 earlier than splitting three years later. He offered most of his stake within the model in 2012 for $650 million, in line with Forbes.
Christopher began the attire firm Eagle’s Eye together with his brother, Robert Burch, whereas he was in school, and has invested in manufacturers resembling Stable & Striped, Staud and BaubleBar.
Learn extra
Chris Burch returns to Hamptons with $29M Water Mill estate
Residential
South Florida
VC head Chris Burch lists waterfront Miami Beach manse for $49M
Cox family paid above ask for Chris Burch’s Southampton estate
