Della Femina Sells House Before Fiscal Cliff Fall

Jerry Della Femina, who closed his East Hampton restaurant last year and put his oceanfront East Hampton estate on the market, blaming President Obama and tax hikes, has finally unloaded his house, The New York Post reported.

The advertising executive sold his 8-bedroom, 6-bath house for $25 million — and he's still blaming President Obama for the reason why he's getting out of dodge.

According to The Post, Della Femina said:

“I don’t want my money going to Obama, and that’s what’s going to happen in the New Year. That’s why I sold right now, that’s why I wanted to get this done.”

It was President Obama's election and subsequent tax hikes for the rich that made him sell the restaurant that bore his name for nearly 20 years and the building on North Main Street in East Hampton, Della Femina wrote in his column in The Independent in April 2011. The East Hampton Grill replaced Della Femina's restaurant and remains in the location.

According to The Post, Della Femina isn't the only one intent on closing a multi-million dollar sale before the "fiscal cliff" in the New Year.

Della Femina said that brokers are in the midst of a frenzied sell-off as the fiscal cliff approaches.

Corcoran's Susan Breitenbach was the listing agent. According to the website, the 1.69-acre property was most recently listed for $28. For more pictures and information on the listing, click here.