The summer home of Succession’s super-wealthy Roy family has sold for a whopping US$105 million despite taking a haircut from its original $175 million listing price.
With the largest ocean frontage in the Hamptons, at about 400m, the estate once owned by the grandson of carmaker Henry Ford, was initially listed for $175 million in 2017 before being reduced to $145 million, according to TopTenRealEstateDeals.
Now in its fourth season, Succession is a drama-comedy about power, politics and money, following the life of Logan Roy, a CEO of one of the world’s largest media and entertainment companies.
When he considers retirement his four adult children each follow a personal agenda that doesn’t always meld well.
The Roys can be seen jockeying for company position at the stunning 42-acre Henry Ford II Estate.
The original house, formerly called Fordune, was built in the late 1950s by Henry Ford II and his wife Anne McDonald when the estate encompassed 235 acres, according to Forbes.
They had a seven-bedroom Italianate home on the grounds and later subdivided and sold the parcel the Succession mansion now sits on to businessman Carlo Traglio for $1.8 million in 1975.
Vendor Brenda Earl, a former partner at equity fund Zweig-Dimenna, bought the property, now known as Jule Pond, in 2002 for $21.75 million and embarked on a substantial renovation, with the house now comprising 12 bedrooms and 12 bathrooms.
Earl kept many original features, including the French parquet floors, Italian marble fireplaces, distinctive ceilings with traditional chandeliers and antique bathroom fixtures imported from Europe.
The updated home also included an octagonal reception room imported from France, a 14m living room, other reception rooms, two master suites and an opulent, chef’s kitchen.
The house also comes with a separate guesthouse, a gunite pool, tennis and basketball courts and a pond.
The new buyer is said to be from an American real estate family not based in New York, according to Forbes.
