Hedge fund titan asks a record $152.5M for his oceanfront Hamptons estate on just 3.4 acres

Article excerpt

A billionaire hedge fund manager, Zach Schreiber, listed his oceanfront Hamptons estate for a record $152.5 million on Sunday. The 3.4-acre property at 39 Fairfield Pond Lane sits on one of America's priciest streets. The asking price would shatter the area's previous record if it sells at that level. The ultra-luxury Hamptons market has seen explosive growth in recent years, with waterfront estates commanding astronomical sums as wealthy financiers and entrepreneurs compete for prime oceanfront real estate in the exclusive enclave.