Peloton founder and CEO John Foley has listed his East Hampton farmhouse for $4.5 million.
Although Foley is still riding high, he did lose his billionaire status on Nov. 5th, as the company’s shares tanked 35% to less than $56 per share.
Foley is now worth $850 million, down from $1.5 billion. Peloton peaked during the height of the pandemic when homebound Americans still wanted to stay active — but sales tapered off as Americans returned to the gym, another sign that life is returning to normal.
Foley’s farmhouse at 12 Koala Lane sits on 2.1 wooded acres. The 6,484-square-foot home boasts six bedrooms and six and a half bathrooms. There’s a double-height entry foyer, an open chef’s kitchen and butler’s pantry, along with plenty of entertaining space.
A living room off the kitchen features a woodburning fireplace, and a formal dining room seats 10. Pocket doors lead to a library/den, with custom bookshelves and a hidden TV.
The main floor also comes with a laundry room and a glass walled atrium that could work as an office, playroom or gallery space. Upstairs, the main bedroom comes with a Juliet balcony overlooking the pool. It also features a gas fireplace, two walk-in closets and a spa-like bathroom.
The finished basement comes with a temperature-controlled wine cellar that holds 1,500 bottles, a screening room — and, of course, a home gym. Outside, there’s an oversize slate patio, a basketball court and a double infinity edge pool.
The listing brokers are Douglas Elliman’s Catherine Juracich, Thomas Ventura and Alexis Godley.
Published on: Article source