Over the weekend, the Wall Street Journal reported that pharma billionaire Stewart Rahr, who once cut a swath through Hamptons parties of the past decade calling himself Stewie Rah Rah, is in contract to sell Burnt Point, his 24-acre estate on the Wainscott side of Georgica Pond. Rahr first listed Burnt Point back in 2015, asking $95 million. The sales price is reportedly $50 million, which is only $5 million more than he paid for it in 2005. At the time, this was the most expensive home ever sold in New York State.
The property first made headlines in 1996, selling to commodities trader David Campbell for a record setting $10M. Campbell commissioned architect Francis Fleetwood to build the house, which was completed in 1999. Campbell then put the estate on the market in 2000, asking $50M. (Whence the name? A forest fire around the turn of the twentieth century that denuded the point.)
The property offers 2000 feet of frontage on Georgica Pond and views to the ocean. The house is a massive 18,000 square feet with eight bedrooms; part of it is a self-contained four bedroom and 4.5 bath guest wing with its own balcony and sitting room. Outside, there’s a tennis court with pavilion; pool, hot tub and waterfall; professional greenhouse; boat house; dock on a small beach; and a pretty waterside gazebo perfect for relaxing.
The property was most recently listed by Bespoke. Well done to all.
