« Back to Previous Page | Real Estate»Agents»Paul Brennan

Paul Brennan

Paul Brennan
Licensed Associate Real Estate Broker

2488 Main Street
Bridgehampton, NY 11932
Office: 631.537.4144
Mobile: 631.235.9611

2987 Montauk Highway
Sagaponack, NY 11962
Office: 631.537.4144
Mobile: 631.381.2887
Fax: 631.537.9104

CONTACT ME
email me »
download vCard »

In the News

Perelman Executive's Estate: $59 Million

The Hamptons estate of the late Howard Gittis, the right-hand man of takeover artist Ronald Perelman, just hit the market with a $59 million price tag.

In 1994, Mr. Gittis paid $8 million for a Southampton, N.Y., home on about 13 acres and $1 million for another home on two acres. He used that home as a staff house and renovated it recently. Called Westerly, the brick Georgian Revival mansion was designed in 1929 for a wealthy industrialist.

The renovated 15,000-square-foot home has seven main bedrooms, a staff apartment and a living room fashioned out of a former ballroom. The property includes a pool and a tennis court, and can be subdivided, according to co-listing agent Ray Smith of Prudential Douglas Elliman, who shares the listing with Prudential's Paul Brennan. Mr. Gittis, who died in September at age 73, served for more than two decades as vice chairman and chief administrative officer of MacAndrews & Forbes Holdings, Mr. Perelman's holding company.

Farther east, in Wainscott, county records and broker listings show a 5,000-square-foot house on 4.4 acres sold for $31.5 million in late September, less than a month after it went on the market. The seller was Philip G. Samponaro, a former executive at a Litchfield, Conn., bank.

Forbes Ranch Sold For $175 Million

A hedge-fund manager has paid $175 million for the Forbes family's Colorado ranch, in what's believed to be the largest home purchase in the U.S.

The buyer is Louis Bacon, head of Moore Capital Management, who plans to use the home as a seasonal retreat, a spokesman said. In remote Fort Garland in south central Colorado, the property, of more than 250 square miles, is the state's largest privately deeded ranch. Known as Forbes Trinchera Ranch, it includes three 14,000-foot-high mountains and one of the state's largest elk herds. The sale was reported in the Aspen Daily News.

By donating development rights over the past 10 years, Mr. Bacon, 51, has protected more than 1,100 acres on the east end of New York's Long Island.

Malcolm Forbes, publisher and editor-in-chief of Forbes magazine, bought the property in 1969 and used it to entertain guests. He died in 1990. More recently, the family ran the ranch as a hunting lodge and executive retreat. A conservation easement on the property protects almost half the acreage from development.

The price tag works out to roughly $1,000 per acre, a valuation more typical of the Aspen or Telluride areas, local brokers say. Mr. Bacon couldn't be reached for comment. Bill Hegberg, of Wildcat Land Co., and Skip Shelton, of Ranch & River Acquisitions, represented Mr. Bacon. Mark Overstreet, of Chaffin Light Real Estate, represented the Forbeses. News of the deal comes just a week after Saudi Prince Bandar bin Sultan took his Aspen mansion priced at $135 million off the market; he listed it last year.

Effects-Oscar Winner Seeks Malibu Sale

"Jurassic Park" special-effects artist Stan Winston is putting his Malibu, Calif., beach house on the market, less than a year after he finished renovating.

The four-time Academy Award-winner is asking $11.95 million for his approximately 3,000-square-foot modernist house, which sits on nearly a sixth of an acre with 35 feet fronting La Costa Beach. Nearby, actor David Spade is asking $16 million for his oceanfront home with roughly 60 feet of beach on a quarter-acre lot. Both homes are close to Carbon Beach, the "Billionaire's Beach," where Larry Ellison and David Geffen own homes.

Mr. Winston, 61, and his wife, Karen, paid $6.2 million for the property in 2005 and rebuilt the 1957 house with an all-teak-wood open-plan living area and a media room, says the listing agent, Stephen Shapiro of Westside Estate Agency. There are three bedrooms and four bathrooms.

Mr. Winston, who's frequently collaborated with director James Cameron, won effects Oscars for "Aliens" and "Jurassic Park" and two more for makeup and effects for "Terminator 2: Judgment Day."

« Go back to In The News

575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727