The Hamptons estate of a late hedge funder just sold for $27 million

Jack Nash HamptonsCorcoran Group Real EstateThe compound sits on six acres, including 500 feet of land fronting Mecox Bay.

A Hamptons home that belonged to the same family for more than 30 years has finally sold after more than a year on the market, according to The Wall Street Journal.

Dating back to 1904, this Water Mill mansion previously belonged to Jack Nash, the co-founder of the hedge fund Odyssey Partners.

Nash died in 2008, and his wife, Helen, had put the house on the market with Corcoran and Harald Grant of Sotheby's International Realty.

Though realtors had originally hoped to get $38.5 million for the home, it finally sold for $27 million - a 30% reduction.

The home sits on Mecox Bay and includes panoramic ocean views and even a livable water tower.

Alyson Penn wrote an earlier version of this story.

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This expansive, waterfront Hamptons property belonged to the Nash family for 30 years.

This expansive, waterfront Hamptons property belonged to the Nash family for 30 years.

The compound sits on six acres and has 500 feet of land fronting Mecox Bay.

The compound sits on six acres and has 500 feet of land fronting Mecox Bay.

The property is said to have stunning Linden maple and dogwood trees.

The property is said to have stunning Linden maple and dogwood trees.

The main home itself is approximately 8,000 square feet, and it has 6 bedrooms and 8 bathrooms.

The main home itself is approximately 8,000 square feet, and it has 6 bedrooms and 8 bathrooms.

The historic home was originally built in 1904, and apparently it has held up pretty well.

The historic home was originally built in 1904, and apparently it has held up pretty well.

The kitchen has modern appliances.

The kitchen has modern appliances.

Evidence of the home's history is readily apparent in the bathroom, however.

Evidence of the home's history is readily apparent in the bathroom, however.

This is one view of the backyard, where you can see the heated pool is just a few steps from the bay.

This is one view of the backyard, where you can see the heated pool is just a few steps from the bay.

The property also includes wide porches, a tennis court, a dock on the bay, and a four-bedroom guesthouse.

The property also includes wide porches, a tennis court, a dock on the bay, and a four-bedroom guesthouse.

The tennis court is surrounded by beautiful ivy-covered brick walls.

The tennis court is surrounded by beautiful ivy-covered brick walls.

The guesthouse is actually a four-story water tower, complete with a bedroom, bathroom, and kitchenette.

The guesthouse is actually a four-story water tower, complete with a bedroom, bathroom, and kitchenette.
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