Courtney Sale Ross, widow of former Time Warner CEO Steve J Ross, has listed her large East Hampton estate with an equally big price tag of $75 million.
The New York Post reported the estate hitting the listing market. The home is located in the area of Georgica Pond, a prosperous 290-acre coastal lagoon, which lies on the western border of Wainscott and East Hampton Village. Steven Spielberg, Kelly Klein and Harry Macklowe are some of the other celebrities who own homes in the area.
Ross was trying to find a buyer for the 5.5 acre estate quietly. However, as the area is studded with high-profile residents, news of the listing leaked out. The house has earned the moniker of "The Cody House", as "Cody" was Steve's nickname, reports Curbed.
Ross is currently trying to downsize on her real estate profile. Recently, the housing market of New York was set ablaze with news of $52.5 million sale of her 740 Park Avenue apartment in New York. The duplex residence was sold in 2011 to Howard marks, pioneer of Oaktree Capital Management; who also recently sold his Malibu Beach House for $75 million.
Details of the East Hampton home have not been revealed yet. However, an aerial view of the home shows a "W-shaped" estate that offers ample view of the ocean and landscaped gardens surrounding it, reports Real Estalker.
Steven J Ross, creator of entertainment giant, Time Warner passed away in 1992. Steve was the sole success driver of the company when he spawned the merger between Warner Communications and Time Inc.
In 1991, Courtney Ross founded the Ross Global Academy along with her husband. In 2006, Courtney started the Ross School in East Hampton, New York, which garnered some censure for its bad progress in 2011. She is currently working hard to promote and provide the best of education to disadvantaged students from all over the world.
