After listing his Long Island home at $13.7 million and previously announcing “I’m done” with New York, the Wall Street Journal reports that Fox News host Sean Hannity has purchased a Florida estate for $ 23.5 million.
In the upscale town of Manalapan, Palm Beach County, Hannity’s new home was initially listed for sale in February for $29 million. The seller – an executive with ties to hedge fund Alden Global Capital – made a tidy sum from the sale, having bought the house for $18 million in 2021.
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Located on Barrier Island, the two-acre estate has frontage to the Atlantic Ocean and the Intracoastal Waterway, with a large boat dock. The approximately 12,000-square-foot, 8-bedroom home features a pool, wine room and rooftop observation deck. Despite the price, the interior of the house is somewhat dated and would likely undergo major renovation or even demolition for a more modern structure, as is common in the area. The luxurious city of Manalapan has seen a lot of expensive deals lately, highlighted by the 2022 purchase of Oracle co-founder Larry Ellison’s record $173 million oceanfront estate.
Hannity is no novice when it comes to real estate. The outspoken conservative, known for his hard-hitting interview style, is equally aggressive in real estate, amassing a fortune in investments, often hidden behind shell companies and spread across multiple states, as previously reported in the Guardian and LA Times.
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According to these reports, Hannity’s shell companies all start with the same four letters, “SPMK,” followed by Roman numerals. The companies spent at least $90 million on more than 870 homes in seven states. Many were bought at a discount in 2013 after banks foreclosed on their previous owners for mortgage defaults. The properties range from luxury mansions to rental properties for low-income families.
Among its diverse portfolio is an entire neighborhood of duplexes in Lithia Springs, Georgia; apartment buildings in Athens, Georgia; Brunswick, Georgia; Gainesville, Georgia and Madison, Alabama; high-rise apartments in South Florida and a private helicopter and jet registered at an airport 20 miles from his former home on Long Island.
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Hannity makes no secret of his extensive assets, previously stating on his website: ‘It is ironic that I am being attacked for investing my personal money in communities that desperately need such investments and in which, I am sure, those who attack me have not invested. “The fact is that these are investments that I do not individually select, manage or know the details of, except that I obviously believe in putting my money to work in communities that are different. struggle to get such support.”
Hannity is one of many wealthy celebrities in Manalapan, including Larry Ellison, musician Billy Joel and self-help guru Tony Robbins.
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This article Fox TV’s Sean Hannity Trades New York for a $23.5 Million Florida Estate, the Latest Addition to His Extensive Real Estate Portfolio originally appeared on Benzinga.com
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