April 8, 2010

Andrew Farkas sold his property in Southampton

Beach beauty

Real estate mogul and mega-yacht lover Andrew Farkas, of Insignia and Island Capital, has put his stunning Southampton beach house on the market for $9.995 million. The 10-bedroom, 7½-bath mansion comes with a gated entrance, a pool, two spas overlooking the bay, waterside patios, a tennis court, a private beach, two cabanas and a two-bedroom apartment over the garage.

Farkas purchased the bayfront house on Mullen Hill Lane for $5.4 million in 2004. Listing broker Susan Breitenbach of the Corcoran Group declined to comment. Perhaps Farkas’ next beach manse will be in Montauk, where he already owns the splashy Montauk Yacht Club.

Click here if you like to read more about Andrew Farkas’ acquisition in the original article.