Posted by Rapti Gupta on Jun 28, 2014 06:49 AM EDT

Late Hedge Fund Guru Jack Nash’s Hamptons Home Lists for $38.5 Million

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The Hamptons compound of Jack Nash, the late founder of Odyssey Partners – the famous hedge fund and private equity firm – has reportedly hit the market after 30 years in the family for $38 million. (Photo : Corcoran official listing)

The Hamptons compound of Jack Nash, the late founder of Odyssey Partners - the famous hedge fund and private equity firm, has reportedly hit the market for $38 million after being in the family for 30 years .

The Wall Street Journal broke the news of the deal stating that Nash's wife Helen Englander is selling the house. The residence is jointly listed by Harald Grant of Sotheby's International Realty and Tim Davis of Corcoran Group.

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According to the listing records, the residence sits on a 5.8-acre lot and offers more than 500 feet of water frontage.

The main home is an 8,000-square-feet single-family home. It has six bedrooms and eight and a half bathrooms all spread over three or more floors.

The home has large open porches and patios. There is a tennis court, a pool and rolling greens surround the house. There is a boat dock, a separate guest house and open terraces as well.

The listing doesn't show interior photos, but the exteriors look amazing. The manicured landscape and the water features make it a true luxury property.

The listing description reads:

"With nearly six acres and over 500 feet of water frontage, this spectacular estate compound is one of the most important waterfront homes ever built in the Hamptons. Dating back to 1904, this glorious traditional residence has been in the same owners for over 30 years."

"A once in a lifetime opportunity is yours to own this magnificent home with pedigree and provenance," it adds.

Check out the photos of the home here.

Nash was born into a Jewish family that fled Germany during the time of the Nazis. He grew up in Manhattan, New York, and went on to get his degree from the City College in 1953. He became the president of Oppenheimer & Company after serving the investment banking firm for more than 20 years.

Nash also founded the New York Sun and was the vice chairman of the American Stock Exchange in the late seventies. He died of a long illness in 2008.

Helen Englander, Nash's wife is the sister of Israel Englander - the businessman who recently purchased the French Government's New York City penthouse at 740 Park Avenue, Lenox Hill. Englander said that he will be using the property as a pied-a-Terre for his kids and grandchildren, whenever they visit the Big Apple.

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