New Mayor Bloomberg's Property: Southampton 'Ballyshear Estate' For $20 Million

in Lifestyle

Mayor Michael Bloomberg signed a contract to purchase a $20 million Southampton 'Ballyshear Estate' overlooking Peconic Bay whose real estate taxes are around $42,000 annually. Michael Bloomberg born in 1942, served as mayor of New York City since 2002. He is also a successful entrepreneur, the founder and the eighty-eight percent owner of the financial news and information services media company, Bloomberg L.P. With a net worth of $18.1 billion in 2011, Michael Bloomberg is the 10th richest man in America. The billionaire Michael Bloomberg has two daughters, Emma and Georgina.


The 35-acre estate, called Ballyshear, features a 22,000 square-foot home built in 1910 by F. Burrall Hoffman and gardens designed in 1913 by famed architect behind Central Park named Frederick Law Olmstead. The Georgian mansion has 11 bedrooms and 8.5 bathrooms. At 22,000 square feet it features the black and white marbled floors and stately paneled libraries. Other amenities include a half-mile, tree-lined driveway leading up to the main house, as well as a pool, tennis court. Furthermore, new property of Michael Bloomberg also has horse stables and trails for Bloomberg's equestrian-loving daughter, Georgina. Bloomberg, who Forbes lists as the 10th richest man in America, also owns a condominium in Vail, Colorado, a bungalow in Bermuda and of course, a townhouse in the Upper East Side.


Mayor of New York is the owner of the vast mansion’s land seen from above. The real estate taxes on Bloomberg's new home are around $42,000 annually

Mayor of New York is the owner of the vast mansion’s land seen from above. The real estate taxes on Bloomberg's new home are around $42,000 annually


Mayor Bloomberg and the Ballyshear estate which is near the exclusive Shinnecock Hills Golf Club

Mayor Bloomberg and the Ballyshear estate which is near the exclusive Shinnecock Hills Golf Club


Its gardens were designed by Frederick Law Olmstead, the American famous landscape designer

Its gardens were designed by Frederick Law Olmstead, the American famous landscape designer


Bloomberg's new home has a half-mile long driveway

Bloomberg's new home has a half-mile long driveway


And acres of pastures for grazing horses

And acres of pastures for grazing horses


The Georgian-style home of Mayor Michael Bloomberg was built in 1910 1910 by F. Burrall Hoffman…

The Georgian-style home of Mayor Michael Bloomberg was built in 1910 1910 by F. Burrall Hoffman…


…so it features classic design touches

…so it features classic design touches


The scene of decadent sitting area

The scene of decadent sitting area


The fantastic dining room

The fantastic dining room


A garden sitting room for the owner and guests relaxing, sightseeing

A garden sitting room for the owner and guests relaxing and sightseeing


The view of the kitchen

The view of the kitchen


The house has 11 bedrooms…

The house has 11 bedrooms…


…and 8.5 bathrooms

…and 8.5 bathrooms


Georgina surely likes this canopied bed

Georgina surely likes this canopied bed


A very red guest room

A very red guest room

 

Mayor Bloomberg: Late Show with David Letterman

 

Related links:

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In Pictures: Mayor Bloomberg Officiates At Two Staffers’ Same-sex Wedding

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Michael Hudgen has 268 articles online and 3 fans

Louis Brown from California enjoys writing articles on a variety of subjects, especially lifestyle. By trade, he is a user interface designer.

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New Mayor Bloomberg's Property: Southampton 'Ballyshear Estate' For $20 Million

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New Mayor Bloomberg's Property: Southampton 'Ballyshear Estate' For $20 Million

This article was published on 2011/08/18