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SOLD: Late Billionaire Teddy Forstmann's Incredible Hamptons Compound

Linette LopezApr 1, 2013, 21:17 IST

About a year after it was put on the market, sources tell The NY Post Teddy Forstmann's Hamptons mansion is in contract.

Forstmann was a billionaire private equity titan immortalized in the book Barbarians At The Gate.

He lived an epic bachelor's life, dating gorgeous women and flying around the world in his Gulfstream jet. His NYC apartment sold last year for $40 million.

As for this property, the 6 bedroom home is on Meadow Lane (arguably the most exclusive street in the Hamptons) and boasts an ocean-side pool, two hot tubs, and a tennis court. It is said to be going to $28.5 million, Corcoran's Tim Davis has the listing.