A natural gas billionaire just picked up a three-parcel Hamptons property for a whopping $110 million


101 lily pond lane east hampton mansion 2

Courtesy of Compass/Doug Kuntz

Bommer's out - and a new billionaire is moving in.

Hedge fund billionaire Steve Bommer has sold his beachfront East Hampton property for a whopping $110 million.


The buyer, Page Six reports, is natural gas billionaire Michael S. Smith, CEO of Freeport LNG.

The deal makes the 6.4-acre estate, located in New York's most sought-after beach playground, the second-priciest residential property ever sold in New York state - and the fifth-priciest ever recorded in US history. Tech-driven real estate platform Compass managed the sale, with broker Ed Petrie.

Bommer, of SAB Capital Management, has a history of flipping pricey Hamptons homes; he's done it with three other properties. This particular sale combines three original parcels, coming to a total of 283 feet of prime oceanfront property. Included in the deal is a 4,500-square-foot five-bedroom mansion, a few other houses, a tennis court - and that pristine pool.

Take a look at the photos, below.