Stacey and Robert Edelstein, the co-founders of Universal Capital, a direct lending company that provides short-term financing for real estate investments, are selling their Manchester-by-the-Sea mansion for $14,995,000.
Custom built by the couple, this oceanfront property includes a private beach, a 10,000-square-foot house that features seven bedrooms, 9 bathrooms and 1 half bath. There is a movie theatre, gym, billiards room, wet bar, outdoor pool, sports court and a cabana with full kitchen and fireplace. There is also a pavilion with another kitchen and a 15-seat bar.
This Manchester-by-the-Sea mansion represents the perfect combination of classic and contemporary style. A dramatic entryway leads into a palatial foyer that boasts soaring ceilings and a grand double staircase. An exquisite chef’s kitchen is outfitted with custom elmwood cabinets, a Sub-Zero fridge and freezer, 2 Thermador dishwashers, additional fridge and freezer drawers, and a six-burner Wolf gas range and oven.
The second level features 7 bedrooms, 6 of which with a walk-in closet, full en suite bathroom, and stunning ocean views. There is also a leisure and entertainment complex with a movie theater, billiard room, and sizable home gym.
The saltwater infinity pool and spa, outdoor kitchen and gazebo outside are perfect for entertaining, while a fully outfitted cabana with a full kitchen, bathroom, steam shower, sauna, and gas fireplace is the ideal spot to relax.
George Sarkis, the co-founder of The Sarkis Team at Douglas Elliman, has the listing of 38 Masconomo Street in Manchester-by-the-Sea.
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