That dock was clearly important to Mr Koch as he is an avid yachtsman whose boat won the prestigious America's Cup in 1992. In fact, according to the Cape Cod Times, he built his interest sailing off the dock of his Osterville, MA home, which he remodeled after a Napoleonic-era boat interior. And why he's choosing to move around the corner instead. He co-chaired a campaign to oppose Cape Wind, a proposed offshore wind farm off of Cape Cod. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Listing agent Robert Kinlin told The Cape Cod Times that it may take up to 18 months for Koch to unload the house at this price point. The 8,653-square foot home has nine bedrooms that are split among the main house and the guest house, eight full baths and four half baths. A 26-acre waterfront compound on a private Cape Cod island has sold for a reported $19.5 million this week to Bill Koch, brother of noted conservative political contributors Charles and David Koch. Published: 09:39 EST, 1 July 2013 | Updated: 10:17 EST, 1 July 2013. Businessman Bill Koch has made billions working in the oil industry, but by the looks of his longtime residence — a quaint 1929-built beach house on the Nantucket Sound — you wouldn't know. He may not be moving far, though, after reportedly buying the most expensive home on the Cape Cod market from philanthropist Rachel “Bunny” Lambert Mellon for $19.5 million in January. While the realtor and online listings may be downplaying the grandeur of the estate, one of the more lavish touches is the state-of-the-art wine cellar. 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It has also hosted a number of large events over the years, including a fundraiser for Mitt Romney during his failed presidential campaign last year. Businessman Bill Koch has made billions working in the oil industry but by the looks of his longtime residence, a quaint 1929-built beach house on the Nantucket Sound, you wouldn't know. Businessman Bill Koch has made billions working in the oil industry, but by the looks of his longtime residence — a quaint 1929-built beach house on the Nantucket Sound — you wouldn’t know. Farm Heroes Saga, the #4 Game on iTunes. Mr Koch won't be too put out during that time, however, as he broke a local record by buying the most expensive property nearby. Koch’s 8,653-square-foot abode at 177 Seapuit River Rd, Osterville, MA 02655 is now listed for $15 million. Mellon, the 102-year-old heiress and former owner is a well-known horticulturist (she redesigned the White House's Rose Garden for Jackie Kennedy) who has maintained the gardens on the 26-acre property. Businessman Bill Koch has made billions working in the oil industry, but by the looks of his longtime residence — a quaint 1929-built beach house on the Nantucket Sound — you wouldn’t know. The estate offers views of Nantucket Sound and has a private beach, pool and a deep water dock, perfect for an avid boater, like Koch. If Koch gets his asking price for the Osterville estate, the buyer can expect an estimated $60,254 monthly payment, assuming 20 percent down on a 30-year mortgage. Koch, a yachtsman and collector, transformed the historic beach house built in 1929 into a cherished family compound, according to Kinlin. His new home used to belong to Rachel 'Bunny' Mellon, a reclusive heiress who, in recent years, came back into the spotlight due to her donations to disgraced politician John Edwards' effort's to hide his pregnant mistress during the 2008 presidential campaign. Email us at homesubmissions@huffingtonpost.com. Mr Kinlin says properties of this size- with such a hefty price tag- typically take between six and 18 months to sell. Reportedly, Koch plans to restore the grounds to their original glory. Part of HuffPost Home & Living. Play it now. 'It has been left in excellent condition, but it is reminiscent of old Cape Cod. ©2020 Verizon Media. Breaking news, analysis and the latest polls on the presidential race from HuffPost’s politics team, An essential daily guide to achieving the good life, put his home on the market for $15 million. 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One of the billionaire Koch brothers has put his waterfront estate in Cape Cod on the market for $15million but the realtor says the nine-bedroom estate is not a grandiose mansion. "It has been left in excellent condition, but it is reminiscent of old Cape Cod," Kinlin said of the property's architecture, adding, "It's timeless.". We are no longer accepting comments on this article. Billionaire Bill Koch has put his home on the market for $15 million-- but he's not going too far, according to The Cape Cod Times.The president and CEO of Oxbow Corp. and the brother of fellow petroleum tycoons Charles and David, Koch recently scooped up the most expensive property in the area: a nearby estate belonging to Rachel 'Bunny' Mellon for a mere $19.5 million. Mr Koch bought her 26-acre estate- which is described as being around the corner from his home. It's timeless,' Mr Kinlin said. Koch at the San Diego America’s Cup in 1992. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Area landmark: This is one of the most expensive properties in the area, but Mr Koch bought the record-holder for $19.5m last winter so that is why he is selling his Osterville home (pictured), Accommodating friends: The property also includes a guest house and a deep water dock, Close to his heart: Mr Koch is an avid yachtsman whose boat won the 1992 America's Cup, so it was vital to him that the dock had room for more than one large boat, Nautical: His love of the sea is clear through the decor, Protecting his views: Mr Koch became a member of the Alliance to Protect Nantucket Sound and fight off plans to build a wind turbine farm in the waters off Cape Cod, Natural resources: Koch made his billions through oil development and other investments. Moving on: Bill Koch, seen here with his wife Bridget in East Hampton in 2007, has owned the house since 1983. But it does have one thing in its favor -- its nautical-inspired design and charm. Peaceful pool: If the open water is too much, there is an on-ground pool on the 1.58 acre property, Night moves: It has also hosted a number of large events over the years, including a fundraiser for Mitt Romney during his failed presidential campaign last year, More green: Though this sits on less than two acres, the other home Mr Koch will be moving into is on a 26-acre plot of land with manicured gardens. Bill Koch, the brother of fellow oil investors Charles and David, bought the home in 1983 and has spent the past two decades filling it with nautical collectibles. Click through the slideshow to see more of this Cape Cod stunner on the market. Two of Bill Koch's brothers, Charles and David Koch, are prominent conservative donors who have said they will not support Trump. The dollars and cents that go into moving vary greatly depending on a number of factors. Bunny Mellon Sells Cape Cod Compound to Billionaire Bill Koch By Mark ... and secured peninsula with a 6,893 square foot Cape Cod-style main house … Billionaire Bill Koch has put his home on the market for $15 million -- but he's not going too far, according to The Cape Cod Times. The home sits on 1.58 acres of land looking out onto the Nantucket Sound. While his new place may be a step up, Koch’s longtime home hosted a fundraiser for the Romney campaign and is described by listing agent Robert Kinlin as an “outstanding property reflect[ing] a keen sense of refinement.”. Read more of her work here.
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