Billionaire sells massive ‘Dracula’s Castle’ Hamptons estate for whopping £36m

A billionaire businessman who splashed out on a massive property dubbed "Dracula's Castle" has sold the estate for a whopping £36m.

Stewart Rahr, 75, known as Stewie Rah Rah, the No. 1 King of All Fun, bought the huge Hamptons property in 2004 for £32m.

He first listed the Wainscott estate for an astonishing £68m in 2015 but after six years, Mr Rahr settled for £4m profit.

The 18,000-square-foot home is known as Burn Point or "Dracula's Castle" and has eight bedrooms, 12 full bathrooms, three half-bathrooms, and 200-year-old antique flooring.

Dracula's Castle also allows for water views from nearly every room in the house, which has two elevators to help anyone inside the property get around.

Entertaining is not an issue in the luxury home as it has a professional home cinema, a wine cellar and a kitchen with commercial grade appliances.

Outside, it boasts 25-acres, a pool, a private dock, a tennis court, a four-car garage and a spa.

It also has a boat house, viewing pavilion, and a gazebo, as it sits in front of the massive Georgica Pond, a 290-acre coastal lagoon on the west border of East Hampton Village and Wainscott.

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Rahr is reportedly a close friend of Donald Trump, and once referred to the property as "overwhelmingly peaceful," despite neighbours referring to it as "Dracula's Castle," the New York Post reported.

He is the former owner of pharmaceutical wholesaler Kinray, which he sold in 2010 for $1.3 billion.

The businessman is believed to have links with Paris Hilton and Leonardo DiCaprio, as well as several other notable figures and celebrities.

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In 2013, a friend of Rahr, Mark Cuban, told Forbes he would often get emails from him that were the best he had ever seen.

The emails allegedly included attachments of Rahr with bikini-clad women, to accepting an award for a $10million gift he made to the Make-A-Wish Foundation.

Joseph De Sane, the managing director of Bespoke Real Estate – who handled the listing – did not confirm to the Wall Street Journal how much the home sold for, nor would he identify the buyer.

He added that he was "grateful for the opportunity to have facilitated this transaction."

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