Peloton CEO Buys $55 Million Hamptons Estate, Despite Company’s Plummeting Share Prices

and listed by Hedgerow Exclusive Properties, initially went on the market in September for $52.5 million, and sources say Foley purchased the property on December 2 for $3 million over-asking.

The East Hampton compound was built by famed Hamptons architect Francis Fleetwood, known for his shingle-style, romantic country homes. Spanning 6,100 square feet on a four-acre plot, the home has five bedrooms and seven bathrooms. The property is ultra-secluded and private, flanked by towering trees on every side.

The home is located near the beach and faces the water; there is beachfront access and more than 400 feet of water frontage. There’s an in-ground pool with a stone deck, as well as plenty of outdoor space for lounging and entertaining. The two-story home has an oversized lower level and a private second floor, with separate wings housing the primary suite and other bedrooms. Sundecks abound on both floors, offering immaculate views of the water.

Further Lane is a prestigious lane in East Hampton known for sprawling estates and pricy homes. Past and present neighbors include fashion designer Calvin Klein, billionaire Ken Griffin, Jerry Seinfeld, hedge fund manager Jim Chanos, gallery owner Larry Gagosian and many more.

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Damn, he must work REAL hard!

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