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HOUSE OF THE DAY: Billionaire Bill Koch Buys The Mellon Compound On Cape Cod For $19.5 Million

Julie Zeveloff,Linette LopezJan 9, 2013, 04:01 IST

Sotheby's InternationalBunny Mellon, the 102-year-old widow of banking legend and philanthropist Paul Mellon, put her gorgeous, 26-acre Cape Cod compound on the market last January for $28.7 million.

Now, it appears that billionaire Bill Koch, sibling of Tea Party darlings David and Charles, has purchased the home for $19.5 million through an LLC, according to celebrity real estate blogger The Real Estalker.

It's on secluded Oyster Island, with a main residence, guest house, tennis court, lawns, gardens, and orchards.