The Maine Wire
  • News
  • Commentary
  • The Blog
  • About
  • Support the Maine Wire
  • Store
Facebook Twitter Instagram
Trending News
  • Trump Reverses Course on Ending ICE Traffic Stops in Truth Social Post Praising the Agency
  • Impotent Maine Press Association Chief Quits Amid Silence After Assault Of Maine Wire Reporter
  • Town of Eddington Breaks Silence on School Board Member Arrested for Causing Infant to Overdose
  • More Than 5,500 Seek Delegate Spots as Maine Democrats Race to Replace Platner; Eight Candidates Set for Statewide Debate
  • 22-Year-Old Man Found Dead in Portland
  • ICE Agents Ordered to Immediately Cease Vehicle Stops Following Biddeford Shooting
  • Three Injured in Four-Vehicle Crash on Washington Avenue in Portland
  • International Hot Dog King Joey Chestnut Loses NH Wings Contest While A Maine Chugger Flashes Legendary Moxie
Facebook Twitter Instagram
The Maine Wire
Wednesday, July 15
  • News
  • Commentary
  • The Blog
  • About
  • Support the Maine Wire
  • Store
The Maine Wire
Home » News » News » Maine Celtics Billionaire Executive Buys $58 Million NY Hampton’s Oceanfront Home
News

Maine Celtics Billionaire Executive Buys $58 Million NY Hampton’s Oceanfront Home

Ted CohenBy Ted CohenNovember 25, 2025Updated:November 25, 2025No Comments2 Mins Read1K Views
Facebook Twitter Email LinkedIn Reddit
Photo: Farrell Custom Homes
Share
Facebook Twitter LinkedIn Email

The CEO of the Maine Celtics just wrote a real estate check for nearly $60 million.

Wycliffe Grousbeck, who heads the Boston Celtics, which own the Maine basketball affiliate, got a real deal on his new oceanfront home.

After being built last year, it was originally on the market for $80 million.

The builder got no offers so he chopped the price by $10 million.

Still no takers so he lopped off another $12 million.

That’s when Grousbeck pounced.

The home sits on 1.24 acres, with 125 feet on the ocean.

The Maine Celtics, a pro basketball team in the NBA G League based in Portland, is affiliated with the NBA Boston Celtics.

The Maine Celtics play their home games at the Portland Expo.

The Boston Celtics purchased the Maine Red Claws in 2019 from Maine Basketball and renamed the team the Maine Celtics in 2021.

The New York Post credited an outlet called Gimme Shelter with the scoop on Grousbeck’s home purchase.

Built by Farrell Companies and designed by Will Minnear Architect, the 8,600-square-foot residence features eight bedrooms, 8.5 baths – and a 4,400-square-foot rooftop entertaining space with a putting green.

“Just imagine the parties they could throw!” quipped one broker familiar with the oceanfront home.

The main floor is anchored by a great room and an adjacent chef’s kitchen.

There’s also an oceanfront bedroom suite that opens to the pool terrace, while an additional upstairs main bedroom suite comes with a private lounge or office, dual dressing rooms and a spa-like bath.

Six more bedroom suites open to outdoor space.

Outside, there’s an infinity-edge pool and a heated six-car garage.

Seems the only thing it’s missing is a full-sized basketball court.

The Maine Celtics owner isn’t quite ready to live in the Pine Tree State — maybe because of the punitive state income taxes.

The lux digs will keep him in Bridgehampton, N.Y.

Previous ArticleGrinch Busted After Breaking into Bangor Home, Unwrapping Christmas Presents
Next Article Western Maine Newspaper Group First Stiffs, Then Fires Freelancers In Cost-cutting Campaign
Ted Cohen

[email protected]

Latest News

Trump Reverses Course on Ending ICE Traffic Stops in Truth Social Post Praising the Agency

July 15, 2026

Impotent Maine Press Association Chief Quits Amid Silence After Assault Of Maine Wire Reporter

July 15, 2026

Town of Eddington Breaks Silence on School Board Member Arrested for Causing Infant to Overdose

July 15, 2026

Comments are closed.

Recent News

Trump Reverses Course on Ending ICE Traffic Stops in Truth Social Post Praising the Agency

July 15, 2026

Town of Eddington Breaks Silence on School Board Member Arrested for Causing Infant to Overdose

July 15, 2026

More Than 5,500 Seek Delegate Spots as Maine Democrats Race to Replace Platner; Eight Candidates Set for Statewide Debate

July 15, 2026

22-Year-Old Man Found Dead in Portland

July 15, 2026

ICE Agents Ordered to Immediately Cease Vehicle Stops Following Biddeford Shooting

July 14, 2026
Newsletter

News

  • News
  • Campaigns & Elections
  • Opinion & Commentary
  • Media Watch
  • Education
  • Media

Maine Wire

  • About the Maine Wire
  • Advertising
  • Contact Us
  • Submit Commentary
  • Complaints
  • Maine Policy Institute

Resources

  • Maine Legislature
  • Legislation Finder
  • Get the Newsletter
  • Maine Wire TV

Facebook Twitter Instagram Steam RSS
  • Post Office Box 7829, Portland, Maine 04112

Type above and press Enter to search. Press Esc to cancel.