He co-chaired a campaign to oppose Cape Wind, a proposed offshore wind farm off of Cape Cod. We are no longer accepting comments on this article. In fact, according to the Cape Cod Times, he built his interest sailing off the dock of his Osterville, MA home, which he remodeled after a Napoleonic-era boat interior. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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. Click through the slideshow to see more of this Cape Cod stunner on the market. Source: Wikipedia Commons. If Koch gets his asking price for the Osterville estate, the buyer can expect an estimated $60,254 monthly payment, assuming 20 percent down on a 30-year mortgage. Mellon, the 102-year-old heiress and former owner is a well-known horticulturist (she redesigned the White House's Rose Garden for Jackie Kennedy) who has maintained the gardens on the 26-acre property. Bunny Mellon Sells Cape Cod Compound to Billionaire Bill Koch By Mark ... and secured peninsula with a 6,893 square foot Cape Cod-style main house … Billionaire Bill Koch has put his home on the market for $15 million-- but he's not going too far, according to The Cape Cod Times.The president and CEO of Oxbow Corp. and the brother of fellow petroleum tycoons Charles and David, Koch recently scooped up the most expensive property in the area: a nearby estate belonging to Rachel 'Bunny' Mellon for a mere $19.5 million. 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. Reportedly, Koch plans to restore the grounds to their original glory. Businessman Bill Koch has made billions working in the oil industry, but by the looks of his longtime residence — a quaint 1929-built beach house on the Nantucket Sound — you wouldn’t know. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. According to the listing on Realtor.com, the 8,653-square-foot house, originally built in 1929, has nine bedrooms, 12 bathrooms and sits on 1.58 acres of a private island called Oyster Harbors off of Cape Cod. While his new place may be a step up, Koch’s longtime home hosted a fundraiser for the Romney campaign and is described by listing agent Robert Kinlin as an “outstanding property reflect[ing] a keen sense of refinement.”. The home sits on 1.58 acres of land looking out onto the Nantucket Sound. Listing agent Robert Kinlin told The Cape Cod Times that it may take up to 18 months for Koch to unload the house at this price point. Mr Kinlin says properties of this size- with such a hefty price tag- typically take between six and 18 months to sell. 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. Have questions about buying, selling or renting during COVID-19? Known for being a serious collector, Koch recently made headlines for winning a $12 million legal battle over 24 bottles of counterfeit Bordeaux. A 26-acre waterfront compound on a private Cape Cod island has sold for a reported $19.5 million this week to Bill Koch, brother of noted conservative political contributors Charles and David Koch. Businessman Bill Koch has made billions working in the oil industry but by the looks of his longtime residence, a quaint 1929-built beach house on the Nantucket Sound, you wouldn't know. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. 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. And why he's choosing to move around the corner instead. Email us at homesubmissions@huffingtonpost.com. Check out HuffPost Home on Twitter, Facebook, Do you have a home story idea or tip? Mr Koch bought her 26-acre estate- which is described as being around the corner from his home. Outside work, however, Koch is a yachtsman through and through, winning the America’s Cup in ’92 and filling his home with nautical collectibles. If you wish to report an issue or seek an accommodation, please, Zillow, Inc. has a real estate brokerage license in multiple states.

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