Former Hedge Fund Executive’s Florida Oceanfront Home on Sale for $22 Million
Jay Newman, a former hedge fund executive known for making significant Wall Street deals during his time at Elliott Management, has made news once more.
This time, it’s for listing his Florida estate for sale. Newman, who is now known as an American novelist, purchased the property for $8 million in April 2021 and is aiming to sell it at a substantial profit.
Oceanfront Mansion Listed at Almost $22 Million
The seaside mansion, located in Windsor, a luxurious area renowned for its New Urbanist charm and lavish amenities, is now on the market for just under $22 million.
If the property sells for its asking price, it will be among the most costly residences ever sold in Vero Beach.
Windsor: A Prestigious Community with Golf, Polo, and Tennis
Windsor, founded in 1989 by Canadian businesswoman Hilary Weston and her late husband, billionaire Galen Weston, is a prestigious and private enclave boasting a golf course, polo field, and tennis center.
The community currently comprises 350 homesites and offers residents a range of recreational facilities, including eight outdoor tennis courts designed by Stan Smith, an 18-hole golf course by Robert Trent Jones Jr., and an equestrian center with a polo field.
Newman’s Mansion: Luxury and Beach Views
Newman’s mansion, positioned on over an acre of land with an impressive 130 feet of ocean frontage, offers a lavish living experience.
The property includes a 13,596-square-foot main residence with five bedrooms, a two-bedroom carriage house for guests, and a sparkling swimming pool.
Notable features of the mansion include a spacious open-plan kitchen, a sprawling great room with two fireplaces, and a generous family room that opens up to two covered porches.
The large windows throughout the house provide breathtaking panoramic views of the beach and the Atlantic Ocean.
A striking pair of curving staircases leads to the second level, where the primary wing is located.
This wing boasts a covered porch, a luxurious stone-clad bathroom, two walk-in closets, and a study, adding to the property’s appeal.
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Windsor’s Unique Expansion
Windsor’s commitment to growth and sustainability is evident in its ongoing expansion.
The community’s next and final phase, known as The North Village, focuses on sustainable design and will introduce an additional 24 single-family residences and six row houses.
This expansion underscores Windsor’s dedication to maintaining its reputation as a beautiful and architecturally unique community with an Anglo-Bahamian architectural style.
Jay Newman’s decision to list his Florida estate offers a glimpse into the luxury real estate market in Windsor, where exclusive properties like his attract attention and potential buyers from around the world.
