John Foley, founder, and CEO of Peloton, recently purchased a $55 million dollar East Hampton Mansion, unfortunately, this time not as a billionaire. Despite being listed as a billionaire in Forbes in April of 2021 with a net worth of an estimated $1.5 billion, his net worth has plunged with his stocks. The dip in stock price was caused by a multitude of reasons including the recall of the Tread+, fallout from the new Sex and the City franchise (and Peloton commercial with Chris Noth that followed), and people transitioning to in-person workouts as the pandemic slowed. Foley is now declassified as just a struggling multi-millionaire (heavy sigh).
In fact, Foley recently – albeit quietly – bought a gorgeous 5 bedroom, 7 bath, 6,100 ft² mansion on 4 acres of prime East Hampton real estate, complete with 400 feet of totally private Oceanfront – and a private swimming pool, of course. The property was on the market for $52.5 million for less than a month when Foley offered $55 million for it. Apparently, he was feeling generous. Among his neighbors are Jerry Seinfeld, Alec Baldwin, Robert DeNiro, Sean Combs – well, you get the picture. The real estate agency he used was Douglas Ellman.
Additionally, we know that Foley had another multi-million dollar home he put on the market recently at the Northwest Woods in East Hampton, but at a fraction of the cost, at just $4.5 million. His old house is a 6 bedroom, 6.5 bathroom, 6,484 ft² property that sits on 2.17 acres and sounds absolutely perfect. Instead, he chooses to move up about ten notches in price scale. The Hamptons have notably been one of the priciest neighborhoods in New York, historically, and the pandemic only amplified the booming real estate market. It’s difficult to even find property here, which is probably why Foley offered an extra $2.5 million above the asking price to snag the prized piece of property.
The Old Place
John and Jill Foley’s old place is a classic Hampton farmhouse built in 2014 and has 3 levels of finished living space. The kitchen features marble countertops and stainless steel appliances by Subzero, Fisher and Paykel, and Marvel Professional. Additional butler’s pantry and wine refrigerator have extra prep and storage space. The living room features a wood-burning fireplace and the formal dining room can accommodate 10+ guests easily. Den features custom bookshelves and a hidden TV. There is a glass-walled atrium as well, on the main level. Upstairs in the master bedroom, there is a gas fireplace, a Juliet balcony that overlooks the pool, dual walk-in closets, and a huge bathroom with dual vanities, an oversized soaking tub, and a full tile shower. Four more large bedrooms are on the upper floor, two of them with en-suite bathrooms, plus another bathroom. The lower level features a temperature and humidity-controlled wine cellar with space for over 1,500 bottles, a movie/screening room with tiered seating and surround sound, and a home gym/game room, plus has another bedroom and full bathroom. To top things off, this home has a heated, double infinity edge, gunite pool, and spa with an oversized slate patio and a hidden basketball court. I’m not sure why they wanted to leave!
Rochelle Harris is a passionate writer originally from Phoenix, AZ. who credits her success to integrity and determination. She has a great sense of humor, loves music and her family, and writes fiction and poetry in her spare time. She is excited about the New York experience and lifestyle! Follow Rochelle on Twitter at @LinguisticAnRky or get in touch at [email protected]