F
ox News host Sean Hannity has expanded his real estate portfolio with the purchase of a $23.5 million Florida estate in Manalapan, Palm Beach County. The two-acre property on Barrier Island boasts frontage on the Atlantic Ocean and Intracoastal Waterway, featuring a 12,000-square-foot, 8-bedroom home with a pool, wine room, and rooftop observation terrace. Although the interior is somewhat dated, it's likely to undergo renovation or even be torn down for a modern structure.
Hannity's new home was initially listed for $29 million in February before being sold to an executive with ties to hedge fund Alden Global Capital, who made a tidy profit after purchasing the property in 2021 for $18 million. This deal follows Hannity's announcement that he is "done" with New York and his listing of his Long Island home for $13.7 million.
Hannity's real estate investments are extensive, often hidden behind shell companies spread across multiple states. According to previous reports, his companies have spent at least $90m on over 870 homes in seven states, ranging from luxurious mansions to rentals for low-income families. This includes an entire neighborhood of duplexes in Georgia and high-rise condos in South Florida.
The purchase of the Florida estate is the latest addition to Hannity's impressive real estate portfolio, which has been highlighted by recent high-priced deals in Manalapan, including Oracle cofounder Larry Ellison's record-setting $173 million oceanfront estate purchased in 2022.
realestate
Fox Host Sean Hannity Buys $23.5M Florida Mansion, Expanding Luxury Property Holdings
Fox News' Sean Hannity buys $23.5M Florida estate after selling Long Island home.
Read More - realestate
realestate
Miller Real Estate Fund II Settles CMBS Loan at 401 Market St, Philly
Miller Real Estate Fund II investors fully repaid the maturing CMBS loan on 401 Market St., Independence Mall, Philly.
Read More
realestate
Fractional Syndication Launches “The Investors Pool” Token Platform
Fractional Syndication launches The Investors Pool (www.TheInvestorsPool.com), real token for fractional ownership & trade.