Hedge-fund manager Andrew Barroway has sold property for $9.26 million, which cost $35 million to build

10/22/2022

Per NYP:

This sprawling custom estate has found a new owner, but at less than a third of the sum that went into creating it.

In Pennsylvania, hedge-fund manager Andrew Barroway spent roughly $35 million total constructing this enormous compound, only to recently resell it for a fraction of that price — $9.26 million, the Wall Street Journal reported.

After paying $12 million in 2006 for a huge plot of land just outside of Philadelphia, in the tony community of Gladwyne, the Arizona Coyotes hockey team minority owner spent years and a large fortune building it into a 13,000-square-foot mansion in a Gothic Revival style. The six-bedroom, nine-bathroom property boasts a seven-car garage, an indoor pool, a tennis court, a movie theater, ATV trails, a wine cellar, five fireplaces and a guest apartment — all set on 32 acres of rolling hills.

Barroway only briefly lived at the property, choosing instead to spend most of his time in Arizona while, following a 2013 divorce, his ex-wife and children stayed at the lavish estate, the outlet noted.

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