Sleep Where Phil Falcone Hath Slept

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Whether you're in the market for a house in Southampton or not, consider making him an offer. Things have been tough lately and he could probably use the cash.

Phil Falcone, the billionaire founder of Harbinger Capital and LightSquared, and his wife, Lisa Marie, have listed 36 acres they own in Water Mill, on Deerfield Road, for $7.995 million. The land is made up of two 2-acre building parcels and a 32-acre reserve. Each lot has room for a large home, pool, pool house and tennis court, and the preserve can be used for a horse farm.

Falcone Hawks [NYP]

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Sleep Where Erin Callan Hath Slept

If Joe Gregory's Lloyd Harbor manse isn't your style, or the $22 million asking price seems excessive for a place with only 8.5 baths, take a moment to consider the former Lehman Brothers CFO's East Hamptons pad. Callan is asking $3.95 million for the place, where she holed up following the financial crisis and where love blossomed with firefighter Anthony Montella, who she married last January. For you're money you'll get 7 bedrooms, 4.5 baths, 5,000 square feet, 2 acres, a heated gunite pool, a barn, garden vineyards, "majestic trees," and a little piece of history. Make her an offer Former Lehman CFO Lists East Hampton Home...Again [Curbed via Dealbook]