Falcone’s luxe manse for sale
FORMER hedge fund billionaire Philip Falcone is selling his insane St. Barts estate for a cool $57.4 million.
The sprawling La Grande Maison des Etoiles estate has nine bedrooms and 10 ¹/2 bathrooms, three swimming pools and sweeping ocean views. In the largest of the three pools is a glass pyramid that serves as the skylight for the stateof-the-art fitness room below.
And thanks to Falcone’s fashionista wife, Lisa Maria, five of the bedrooms are named for famous designers such as Hermès and Christian Dior. The Louis Vuitton master suite has floor tiles arranged to resemble the designer’s logo stretching from the in-room pool area to the bathroom. There’s also a caretaker cottage to house the staff.
Falcone bought the estate in Colombier’s exclusive gated area in 2008 for $39 million — a record at the time for the island favored by business titans and Hollywood celebs.
Lisa Maria told Page Six that they no longer spend much time at the estate. “We’re selling it because our twin girls are now 12, and because of school and their activities we only get to come here a few weeks a year. Plus, it needs a lot of upkeep and people keep asking to borrow it.” The sale was first reported by the Caribbean Journal, which did not identify the owner.
Falcone ran as much as $26 billion at his hedge fund Harbinger Capital. He made his fortune short- ing subprime mortgages in 2006 heading into the financial crisis. In 2012, the Securities and Exchange Commission charged Falcone with securities fraud. He pleaded negligence and settled for $18 million, agreeing to a five-year ban from the securities industry, but admitting no wrongdoing. He now runs HC2 Holdings, a publicly traded holding company.
The Falcones famously bought Penthouse magazine founder Bob Guccione’s East 67th Street townhouse for $49 million in 2008 and completed an epic renovation, which included a pool, spa, gym, movie theater, giant walk-in wardrobe with a bar, and two elevators. They also considered installing heated sidewalks outside to avoid the inconvenience of shoveling snow.