A Former Hedge Fund Exec Is Selling His Oceanfront Mansion in Florida for $22 Million
Former hedge fund exec Jay Newman is making headlines again. The financier-turned-American novelist, known for leading one of the most significant hedge fund trades in Wall Street history while working at Elliott Management, has put his Florida estate on the market.
According to The New York Post, Newman shelled out a cool $8 million for the spread back in April 2021. Fast forward to today, and Newman and his wife, Elissa Kramer, are hoping to sell the renovated abode for a hefty profit.
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Listed for just shy of $22 million, the oceanfront mansion is in Windsor, a private and storied New Urbanist community with a golf course, polo field, and tennis center. If its asking price is met, the palatial pad will be among the most expensive homes ever sold in Vero Beach.
“The best thing about the house is that it’s right on the beach,” Newman told The Post. “If you have dogs, you have miles of beach that is pretty much unused. It’s amazing.” The mansion was built over two decades ago, in 2003, and is positioned on over an acre of land with a glorious 130 feet of ocean frontage. Altogether, the property includes a 13,596-square-foot, five-bedroom main residence, a two-bedroom carriage house for guests, and a swimming pool.
Highlights are the open-plan kitchen, an expansive great room with two fireplaces, and a large family room that opens to two covered porches. Huge walls of windows offer panoramic views of the beach and the Atlantic Ocean. A dramatic pair of curving staircases leads to the second level, where you’ll find the primary wing, which includes a covered porch, a stone-clad bathroom, two walk-in closets, and a study.
The home is only one of a few oceanfront estates in Windsor, which was founded in 1989 by Canadian businesswoman Hilary Weston and her late husband, billionaire Galen Weston. The upscale seaside enclave currently comprises 350 homesites, along with eight outdoor tennis courts designed by Stan Smith, an 18-hole link-style golf course by Robert Trent Jones Jr., and an equestrian center with a polo field. Its next and final phase of expansion, The North Village, will focus on sustainable design and deliver an additional 24 single-family residences and six row houses. “It’s a beautiful community, thanks to the Westons, and architecturally unique in that Anglo-Bahamian style,” Newman added.
Click here to see all the photos of 10570 Eton Way.
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