Shutterstock founder sells Bridgehampton home for $57M

Creating a stock photography behemoth gave Jonathan Oringer deep pockets for luxury real estate, and now his pockets are getting even deeper after executing one of the year’s biggest sales in the Hamptons. Oringer, the founder of Shutterstock, sold his home at 125 Mid Ocean Drive in Bridgehampton to an undisclosed buyer for $57 million, the Wall Street Journal reported. The deal for the 10,300-square-foot home breaks down to $5,534 per square foot. Oringer paid  $40 million for the home in 2014, two years after his company began trading publicly, elevating Oringer to billionaire status. Barnes Coy Architects designed the […] This article originally appeared on The Real Deal. Click here to read the full story.