Larry Fink, BlackRock’s CEO, owns a 26-acre estate in North Salem, New York, purchased initially for $3.65 million in 2004. He has since acquired seven additional parcels and invested over $6 million in renovations, creating a compound with a main house, guest house, pool, and rebuilt barn.
Who Owns the Larry Fink House
If you search for Larry Fink House, you might find two different people. Larry Fink, the photographer, lived in Pennsylvania until he died in 2023. His 10-acre Martins Creek property sold for $1 million and featured his darkroom and studio.
This article covers Larry Fink the BlackRock CEO. He was born in 1952 and co-founded BlackRock in 1988. The company now manages over $10 trillion in assets, making it the world’s largest money management firm. His net worth sits at approximately $1.2 billion as of 2024.
Fink keeps a low public profile compared to other billionaire CEOs. His real estate choices reflect this preference for privacy over showiness.
Where Larry Fink Lives in North Salem
Larry Fink’s primary residence sits in North Salem, New York, a town in Westchester County about 50 miles north of Manhattan. The property address is on Vail Lane, though exact numbers remain private for security reasons.
North Salem attracts finance executives for specific reasons. The town’s zoning emphasizes large lot sizes over dense development. This means properties can span dozens of acres while maintaining privacy. Property taxes run lower than comparable estates in Connecticut’s Fairfield County.
The drive from North Salem to BlackRock’s Manhattan headquarters takes 60 to 90 minutes, depending on traffic. Many executives make this commute only a few days per week, working remotely otherwise.
The area has earned the nickname “Billionaire’s Dirt Road” due to its concentration of wealthy residents. Neighbors include Georgina Bloomberg (daughter of Michael Bloomberg), and formerly included actor Richard Gere and TV host David Letterman. The shared interest in horses creates a tight-knit community despite the large properties.
The Original Property Purchase
In 2004, Fink and his wife, Lori, purchased a 10-acre horse farm from actor Stanley Tucci. The sale price was $3.65 million. The property came with the name Finch Farm, which Fink kept. Coincidentally, “Finch” translates to “Fink” in German.
The original estate included a main house, barn, and riding facilities typical of North Salem horse properties. Tucci had owned the property during his marriage to his first wife, who died in 2009.
Fink’s timing proved smart. He bought before the 2008 financial crisis drove luxury real estate prices down temporarily. By 2010, values had recovered and continued climbing.
Expanding the Estate Over Two Decades
Fink didn’t stop at 10 acres. Between 2004 and 2019, he acquired seven additional parcels adjacent to his original purchase. This methodical expansion shows a long-term vision for the property rather than a quick flip mentality.
One notable acquisition came from children’s book author Maurice Sendak, who lived in nearby Ridgefield, Connecticut. The exact acreage and price of this parcel weren’t publicly disclosed.
The largest expansion happened in 2019. Fink purchased 27 acres from Peter Kamenstein, North Salem’s deputy town supervisor, for $5.4 million. This single transaction nearly tripled his original 10-acre footprint.
Today, the complete estate spans at least 26 acres, though some reports suggest it may exceed 30 acres depending on how parcels are counted. The expanded property provides multiple riding trails, ensures complete privacy from neighbors, and creates space for extensive landscaping.
Renovations and Improvements
Fink invested heavily in upgrading the property after purchase. Total renovation costs exceeded $6 million over nearly two decades. This doesn’t include the land acquisition costs, only improvements to structures and grounds.
The most visible addition was a luxury pool with an attached cabana. This project alone costs approximately $1 million. The pool area includes multiple seating zones, professional landscaping, and privacy screening from aerial views.
Fink rebuilt the original barn rather than simply restoring it. The new structure maintains the traditional aesthetic North Salem requires but includes modern materials and systems. It serves both functional purposes for property maintenance and aesthetic value.
A two-bedroom guest house provides space for extended family or visiting business associates. The separate structure offers privacy for both guests and the main residence.
Security upgrades became a major focus in recent years. BlackRock spent $563,513 in 2023 alone on security improvements at Fink’s residences. This included advanced monitoring systems, perimeter security, and personnel costs. High-profile executives face unique security risks, making these investments necessary rather than lavish.
The main house received extensive interior updates, though specific details remain private. Reports mention high-end finishes, updated systems, and sustainable design elements, including solar panels and energy-efficient heating and cooling.
What the Property Includes Today
The Finch Farm compound now functions as a complete private retreat. The main residence spans multiple levels with spacious living areas designed for both family life and entertaining. Large windows take advantage of the property’s pastoral views.
The guest house offers two bedrooms with full bathrooms. Unlike some estates where guest quarters feel like afterthoughts, this structure provides genuine comfort for extended stays.
Recreational facilities include the pool and cabana, plus space for outdoor activities across 26+ acres. The property maintains its horse farm heritage with appropriate facilities, though it’s unclear whether the Finks currently keep horses.
Professional landscaping balances manicured areas near the buildings with more natural zones throughout the property. Mature trees provide both beauty and privacy screening. The estate includes walking trails that wind through the grounds.
The rebuilt barn serves multiple purposes beyond storage. Many North Salem estates convert barns into entertainment spaces, home gyms, or additional guest quarters while maintaining the exterior appearance.
Property maintenance for an estate this size requires ongoing effort. Most owners employ property managers, groundskeepers, and housekeeping staff. The two-bedroom guest house might serve as quarters for full-time staff.
Larry Fink’s Other Properties
The Manhattan Apartment (Former)
Fink previously owned a full-floor apartment on Manhattan’s Upper East Side, specifically on East 79th Street between Madison and Fifth avenues. The location put him within easy reach of BlackRock’s headquarters while offering luxury urban living.
The apartment featured three bedrooms, three full bathrooms, and one half bathroom. Amenities included a spacious corner living room with Central Park views, a formal dining room, a modern kitchen, and a separate staff area. The building itself dates to the Art Deco era, giving units architectural character.
Fink listed the property in April 2017 for $17.9 million. After it sat on the market, he reduced the price to $15 million. He finally sold it in May 2018 for $12 million to art dealer Alexander Acquavella and his wife, Mollie Ruprecht. The $5.9 million discount from the original asking price suggests either aggressive initial pricing or a softening luxury market.
Why sell? With his primary residence in North Salem and BlackRock’s headquarters easily accessible, Fink may have decided the maintenance costs and property taxes didn’t justify keeping a Manhattan base. Many executives shifted away from owning city apartments post-2020, preferring suburban homes with more space.
Aspen, Colorado Home
The Finks own a substantial mountain property in Aspen, Colorado. Built in 1998, the house spans 10,761 square feet on 10.82 acres. Current estimates value this property at $23.2 million, reflecting both the home’s quality and Aspen’s red-hot luxury market.
The residence includes six bedrooms and seven bathrooms. Interior features include hardwood floors throughout, multiple fireplaces, a dedicated study and office space, a recreation room, and a library. The dining room has its own fireplace, creating an intimate setting despite the home’s size.
The exterior uses stone construction that complements the mountain setting. Large windows throughout capture views of the surrounding peaks. The 10-acre lot provides privacy comparable to the North Salem estate, just in a mountain environment instead of pastoral countryside.
Aspen serves different purposes than North Salem. The Colorado property works for ski vacations in winter and hiking or fishing in summer. The town’s cultural scene and dining options make it more than just a sports destination. Fink can also network with other business leaders who maintain Aspen properties.
Property Value and Investment Strategy
The North Salem estate’s current value likely exceeds $15 million based on comparable sales in the area. Estates of similar size and quality regularly list for $10 million to $20 million, depending on specific features and location within North Salem.
Fink’s total investment breaks down roughly as follows:
- Original purchase: $3.65 million
- Additional land parcels: $5.4 million+ (some prices undisclosed)
- Renovations and improvements: $6 million+
- Total investment: $15 million minimum
If the property is now valued at $15 million to $18 million, Fink roughly broke even or gained modest appreciation. However, this analysis misses the point. He clearly didn’t buy the North Salem property as a financial investment. The value lies in 20 years of private enjoyment, a retreat from public life, and a family compound.
Compare this to other finance CEO strategies. Some collect properties across multiple continents, treating real estate like a trophy collection. Others prefer urban penthouses near their corporate headquarters. Fink chose a middle path: a primary country estate within commuting distance, a former city apartment (now sold), and one vacation property.
His Aspen home appreciated more dramatically. Luxury mountain real estate in premier Colorado locations has soared in value over the past decade. A property he likely purchased for under $10 million now carries a $23.2 million price tag.
The long hold period for both properties shows Fink thinks in decades, not years. This matches his investment philosophy at BlackRock, where he advocates for long-term thinking over short-term gains.
Why North Salem Appeals to Billionaires
North Salem offers specific advantages that attract wealthy executives beyond just beautiful scenery.
Zoning regulations favor large estates. The town requires minimum lot sizes that prevent subdivision of existing large parcels. This protects property values and ensures neighbors won’t suddenly face a subdivision next door. Once you own 25+ acres, your privacy remains protected by law.
Property taxes run lower than in Connecticut’s Greenwich or New Canaan, both popular with finance executives. New York State taxes are high, but at the local level, North Salem offers relative savings compared to alternatives. The schools are excellent, making it viable for families with children.
The horse culture creates community. North Salem has more horses per capita than almost anywhere in the Northeast. Riding trails connect properties, and equestrian events bring residents together. This shared interest makes neighbors despite the large properties and physical distances.
Security proves easier than in the Hamptons or other see-and-be-seen locations. North Salem doesn’t attract tourists or celebrity gawkers. The town lacks trendy restaurants or nightlife, which is exactly the point for residents seeking privacy.
The commute to Manhattan remains feasible at 60 to 90 minutes. This is longer than Greenwich (45 minutes) but shorter than the Berkshires (2.5+ hours). For executives who work from home several days per week, the trade-off works.
Finally, the area avoids the social pressures of places like the Hamptons. There’s less emphasis on being seen at the right parties or maintaining multiple staff for elaborate entertaining. The focus stays on horses, family, and enjoying the rural setting.
Fink’s choice of North Salem over flashier alternatives tells you something about his personality. He values privacy and substance over status and scene. After building the world’s largest asset manager, he earned the right to retreat somewhere that prioritizes peace over prestige.
