Fox TV's Sean Hannity trades New York for $23.5 million Florida property, newest addition to his huge actual property portfolio

After itemizing his $13.7 million Lengthy Island house and earlier saying “I'm accomplished” with New York, the Wall Avenue Journal stories that Fox News host Sean Hannity bought a Florida property for $23.5 million.

Within the upscale Palm Seashore County city of Manalapan, Hannity's new house was initially listed for $29 million in February. The vendor – an govt linked to hedge fund Alden World Capital – made a tidy sum on the sale, having bought the home in 2021 for $18 million.

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The 2-acre property is positioned on Barrier Island and enjoys frontage to the Atlantic Ocean and the Intracoastal Waterway, with a big dock. The roughly 12,000-square-foot, 8-bedroom house has a swimming pool, wine cellar and rooftop remark deck. Regardless of the worth, the inside of the home is considerably dated and would doubtless do with a serious renovation, or perhaps a teardown for a extra fashionable construction, as is frequent within the space. The luxurious metropolis of Manalapan has seen many high-priced transactions not too long ago, highlighted by the Oracle co-founder. Larry EllisonFile-breaking $173 million beachfront property bought in 2022.

Hannity is just not new to actual property. The outspoken conservative, identified for his powerful interview model, is equally aggressive in actual property, amassing a fortune in investments, usually hidden behind shell corporations and unfold throughout a number of states, as beforehand reported by Guardian and the LA Occasions.

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Based on these stories, Hannity's entrance corporations all begin with the identical 4 letters, “SPMK,” adopted by Roman numerals. Corporations have spent at the very least $90 million on greater than 870 houses in seven states. Many had been purchased at a reduction in 2013 after banks foreclosed on their former homeowners for defaulting on their mortgages. Properties vary from luxurious mansions to leases for low-income households.

Among the many various portfolio is a whole neighborhood of duplexes in Lithia Springs, Georgia; condominium complexes in Athens, Georgia; Brunswick, Georgia; Gainesville, Georgia and Madison, Alabama; high-rise buildings in South Florida and a personal helicopter and jet registered to an airport 20 miles from his former house on Lengthy Island.

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