The most effective vitamin to boost Jeffrey Horowitz’s spirits may be the one willing to shell out nearly $100 million for his Hamptons home.
The Vitamin Shoppe founder and his wife are looking to sell their Sagaponack compound for $89 million, the Wall Street Journal reported. The two-parcel listing can also be separated: 21 Fairfield Pond Lane for $75 million and 407 Fairfield Pond Lane for $15 million.
The listing of the parcel with the home breaks down to $8,333 per square foot.
The Horowitzes purchased the three-and-a-half-acre property in the mid-1990s for $2.7 million. They built the estate, which was completed in 1998.
This year, the Horowitzes tried to move the property off-market for $125 million but failed to land a buyer.
The eight-bedroom main home spans 9,000 square feet. The property features an outdoor pool, a videogame arcade and private access to the beach, including 200 feet of direct ocean frontage.
The cheaper parcel includes a nine-hole golf course that overlooks Fairfield Pond. There’s also an opportunity to build a guest house or even a second primary residence.
Ryan Serhant and Kieran Brew share the listing.
The Horowitzes decided to sell because their children are all grown up. They also have homes in New York City and on Fisher Island in Florida; five years ago, Horowitz was one of a group of homeowners who sued developer Fisher Island Holdings, two related entities and the Fisher Island Community Association, alleging a planned development threatened access to a third ferry landing used for emergencies.
Horowitz founded The Vitamin Shoppe in 1977 and ran it for a quarter-century, selling it to Bear Stearns in 2002 for $300 million. He also served as an executive of Vitacost.com, a retailer acquired by Kroger a decade ago.
In the second quarter, Hamptons homes sold for a median $1.9 million, in line with last year’s second quarter, according to William Raveis Real Estate. The amount of sales, however, increased by 15 percent.
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