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Paying $700,000 to Rent a Home FOR THE SUMMER!

Phil Falcone, billionaire hedge fund manager, is renting Stone Meadow Farm in East Hampton for the summer for $700,000, according to the New York Post. It’s the same house that Mariah Carey rented back in the summer of 2008.

Apparently, Falcone wanted to purchase the house and bid on it in 2009, but was beat out by heiress Isabel Rose, who put the home on the rental market this summer for $1 million.

The 18,000 square foot house sits on eight acres of land, has an indoor spa room with a hot tub, a media room, two separate cottages, a heated pool, tennis courts, and a stable for up to five horses.

The only downfall of the house is it’s not right on the ocean…..

Read more: http://www.businessi…6#ixzz1Q9EtzPft

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