Billionaire Shells Out $700K for Hamptons Summer Rental

Life is good if you're billionaire hedge fund manager Philip Falcone. Not only is Falcone building himself a custom-made house in the Hamptons, but he also just inked a deal to rent Stone Meadow Farm in Sagoponack, NY this summer for $700,000 per month. In fact, Falcone scored himself a 30 percent discount. The summer rental was originally priced at $1 million. View the listing.

8 photos
1/8
Life is good if you're billionaire hedge fund manager Philip Falcone. Not only is Falcone building himself a custom-made house in the Hamptons, but he also just inked a deal to rent Stone Meadow Farm in Sagoponack, NY this summer for $700,000 per month. In fact, Falcone scored himself a 30 percent discount. The summer rental was originally priced at $1 million. <a href="http://www.corcoran.com/property/listing.aspx?Region=LI3&ListingID=52610" target="_blank">View the listing</a>.
2/8
Ducklings, little children, and a grassy meadow--can it get more idyllic than this?
3/8
Falcone's summer estate includes a 3,500-square-foot spa and media room. The main house, which totals 18,000 square feet, features ten bedrooms.
4/8
A view of the state-of-the-art fitness center.
5/8
Falcone's sensational property covers eight open acres and features a stable that can house up to five horses, as well as numerous riding fields.
6/8
In 2008, Mariah Carey rented Stone Meadow Farm for a hefty $125,000 per week.
7/8
The sprawling property boasts two separate fully equipped cottages perfect for overnight guests or staff.
8/8
An aerial view of Falcone's remarkable summer rental.
Copyright LXTVN - LXTV
Contact Us