Beach House From HBO’s ‘Succession’ Back up for Sale Asking $55 Million
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Beach House From HBO’s ‘Succession’ Back up for Sale Asking $55 Million

By LIZ LUCKING
Wed, Apr 26, 2023 8:37amGrey Clock 3 min

An uber-contemporary waterfront home in the Hamptons, the exclusive pocket of New York’s Long Island beloved by the well-to-do set, has come to the market for $55 million.

The angular and glass-covered house may look familiar to eagle-eyed viewers of HBO’s “Succession.” In season three of the award-winning series, the house starred as the beachfront mansion owned by billionaire investor Josh Aaronson, played by Adrien Brody, and visited by Kendall and Logan Roy.

However, “its celebrity status has relatively little impact,” said Cody Vichinsky, founding partner and president of Bespoke Real Estate, which listed the home earlier this week. “Buyers of such high-end assets are more interested in the nuances that create unique value than in the celebrity factor.”

The open-plan great room is flooded with light from walls of windows. BESPOKE REAL ESTATE

Luckily, off screen, the house is every bit as lavish as it was portrayed.

Built in 2018 in the hamlet of Wainscott, the property was designed by Barnes Coy Architects.

They designed the roughly 11,000-square-foot house to be broken down “into three smaller pavilions attached by an elongated breezeway, almost as if three smaller beach houses—each with its own distinctive character—had been joined at the hip,” according to the architecture firm’s website.

Each pavilion houses something different. The primary suite is in one; the middle is the communal space; and the third has the remaining five bedrooms.

More: Step Into Han Solo’s Millennium Falcon at This $19 Million Mansion Inside Disney World

A particularly distinct feature is in the giant open-plan living, dining and kitchen space, where the home’s jaunty inverted roofline translates inside to an upside-down teak pyramid in the centre of room.

The custom kitchen occupies one end of the space with a statement marble backsplash—which made an appearance in the show. At the other end is a towering stone fireplace—you’ll spot that during the episode, too.

The scale of the space, “with [its] double-height walls of glass that capture the ocean views in one of the most impressive ways we have ever seen, was likely the defining reason why this setting was chosen to be a home on Succession,” Mr. Vichinsky said.

Macall B. Polay/HBO

The primary suite has vaulted ceilings, more walls of glass and two bathrooms.

On the lower floor, meanwhile, all the bells and whistles can be found, from a screening room with stadium seating, to a concrete-floored gym and a spa with a steam room, according to Dirt, which first reported the listing.

Outside, the home has a covered deck with an outdoor kitchen and a private path leads straight to the beach.

The house last changed hands in December 2021, when it was snapped up by a limited liability company for $45 million, records with PropertyShark show.

“Oceanfront properties, specifically turn-key oceanfront ones, have become increasingly rare, while the costs and time required to build them have significantly increased,” Mr. Vichinsky added. “This, coupled with the pedigree of the location and architecture, positions this property to continually increase in value.”

This article originally appeared on Mansion Global.



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A legacy “partner” lease structure tied to sales, not fixed rent, is drawing investor attention as a potential hedge against inflation.

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A McDonald’s restaurant in Yass has been brought to market with one of the last remaining pure turnover leases in Australia, offering investors a direct share of revenue rather than a traditional fixed rental return. 

The asset, located at 1713 Yass Valley Way, is being marketed by JLL via an expressions of interest campaign closing on 30 April. It is underpinned by a legacy lease structure no longer offered by McDonald’s in Australia. 

Under the arrangement, the landlord receives 6.5 cents for every dollar spent at the restaurant, creating uncapped income growth linked directly to sales performance.  

The lease is structured as triple net, meaning no operational risk, capital expenditure obligations or management responsibilities for the owner. 

According to JLL, the property has recorded compounded annual sales growth of 4.26 per cent since 2003, with rental income rising by 150 per cent over the same period. 

JLL’s David Mahood said the structure allows investors to “participate directly in the sales growth” of the business, rather than relying on fixed annual rent reviews. 

The newly commenced lease runs to 2036, with four additional 10-year options extending to 2076, providing a weighted average lease expiry of 9.92 years by income. 

The asset sits on a 3,571 square metre freehold site in Yass, with significant frontage to the Hume Highway, one of Australia’s busiest freight corridors.  

The location benefits from high volumes of passing traffic, including an estimated 75,000 vehicles per day. 

The quick service restaurant sector has remained resilient through economic cycles, including the pandemic and recent cost-of-living pressures, with McDonald’s continuing to expand its footprint and invest in store upgrades across Australia. 

JLL pointed to strong investor demand for McDonald’s-backed assets, with recent transactions typically yielding between the high 2 per cent to mid 3 per cent range. 

 The Yass listing is expected to attract interest due to the scarcity of turnover-based leases, which provide a natural hedge against inflation by linking income growth to consumer spending rather than predetermined increases. 

McDonald’s Yass is available for sale via an Expressions of Interest campaign closing at 3:00pm (AEST) on Thursday, April 30. 

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