Teddy Sagi bought a house on the most expensive street in Israel for 100 million shekels
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Israeli billionaire Teddy Sagi recently closed a deal to buy a house at 56 Galey Tachelet Street in Herzliya Pituach for NIS 100.8 million. The 870 square meter seven-room house located on a plot of 1000 square meters with a swimming pool. The land registry says that in order to buy a house in the Leumi bank; a NIS 50 million mortgage was taken out.
On the same street, Sagi owns a house at number 46, which he bought in 2010 from technology entrepreneur Zaki Rakib for NIS 145 million. And in 2021, Sagi bought a house at number 13 with an area of 650 square meters on the east side of the street for 43.5 million shekels from Michel Taman. .The street runs along cliffs overlooking the sea, making even-numbered houses (35 out of 60) on the coastal west side of the street very expensive. twice as expensive as houses on the east side.
This street is also home to the most expensive house in Israel at number 40, which the late Sheldon Adelson bought in 2020 for NIS 230.35 million from the US government. A unique 1,000-square-meter home on a 5,000-square-meter lot was formerly the residence of the US Ambassador to Israel.
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