After itemizing his $13.7M Lengthy Island dwelling and saying “I’m completed” with New York earlier, the Wall Avenue Journal stories that Fox Information host Sean Hannity has bought a Florida property for $23.5 million.
Within the upscale city of Manalapan, Palm Seashore County, Hannity’s new dwelling was initially listed for $29 million in February. The vendor – an government with ties to hedge fund Alden World Capital – made a tidy sum on the sale, having bought the house in 2021 for $18 million.
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The 2-acre property is positioned on Barrier Island and enjoys frontage on the Atlantic Ocean and Intracoastal Waterway, with a big dock. The roughly 12,000-square-foot, 8-bedroom dwelling incorporates a pool, wine room and rooftop remark terrace. Regardless of the worth, the house’s inside is considerably dated and would seemingly endure a significant renovation or perhaps a teardown for a extra fashionable construction, as is frequent within the space. The luxurious city of Manalapan has seen many high-priced offers not too long ago, highlighted by Oracle cofounder Larry Ellison‘s record-setting $173 million oceanfront property bought in 2022.
Hannity isn’t any novice in relation to actual property. The outspoken conservative, recognized for his hard-core interviewing fashion, is equally aggressive in actual property, amassing a fortune in investments, usually hidden behind shell firms and unfold throughout a number of states, as beforehand reported within the Guardian and LA Occasions.
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In keeping with these stories, Hannity’s shell firms all begin with the identical 4 letters, “SPMK,” adopted by Roman numerals. The businesses spent at the least $90m on greater than 870 properties in seven states. Many have been purchased at a reduction in 2013 after banks foreclosed on their earlier homeowners for mortgage defaulting. The properties vary from luxurious mansions to leases for low-income households.
Among the many different portfolio is a whole neighborhood of duplexes in Lithia Springs, Ga.; condominium complexes in Athens, Ga.; Brunswick, Ga.; Gainesville, Ga. and Madison, Ala.; high-rise condos in South Florida and a non-public helicopter and jet registered at an airport 20 miles from his former Lengthy Island dwelling.