You may have heard: the rumor is true. musician Billy Joel finally unloaded his Centre Island compound. It consists of a main mansion (20,000 sq. ft.), two smaller buildings (guest house; beach house), helipad and six-car garage. The compound sits on 26 acres of waterfront property on exclusive Centre Island.
Billy's been trying to sell this compound for three years. Nobody nibbled. He bought the main property 25 years ago and added to it by purchasing adjoining properties. His total investment was around $35 Million. He tried selling it for $50 Million in 2022, dropped the price to $40 Million, then later desperately reduced the price to $30 Million. He finally found a buyer this month for $28 Million -- which is less than he paid for the property years ago. Billy Joel is the only person to lose money on New York real estate.
The buyer is anonymous. Rumors that I'm involved are unconfirmed. You'll have to come to my next party to learn what really happened. :)




