Bill Koch puts his 9-bedroom Cape Cod mansion on the market for $15m
Billionaire Koch brother puts his 9-bedroom Cape Cod mansion on the market for $15m
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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.
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.
'If you're looking for a big mansion, this is not it,' listing agent Robert Kinlin told The Cape Cod Times.
Serious view: Bill Koch's waterfront property in the Osterville of Cape Cod is on sale for $15million and one of it's most remarkable features is the stunning view of the Nantucket Sound
'Classic Cape Cod': The realtor stresses that the nine bedroom home does not have a typical 'big mansion' feel
Self-decorated: The oil billionaire bought the home in 1983 and has filled the house with nautical-themed decorations due to his love of yachting
Colonial touches: The wood furniture and oil paintings give it a distinct New England feel
The home sits on 1.58 acres of land looking out onto the Nantucket Sound.
Moving on: Bill Koch, seen here with his wife Bridget in East Hampton in 2007, has owned the house since 1983
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.
In addition to having access to a private beach, the property also has an on-ground pool and a deep-water dock that can fit multiple large boats at the same time.
That dock was clearly important to Mr Koch as he is an avid yachtsman whose boat won the prestigious America's Cup in 1992.
'It has been left in excellent condition, but it is reminiscent of old Cape Cod. It's timeless,' Mr Kinlin said.
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.
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.
Mr Kinlin says properties of this size- with such a hefty price tag- typically take between six and 18 months to sell.
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
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.
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.
Mr Koch bought her 26-acre estate- which is described as being around the corner from his home.
One of the most noted parts of her land are the carefully-tended gardens that she spent years developing.
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
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