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Lifestyles of the Rich and the Richer

Late last year, a cute 1940s oceanfront cottage in Montauk was swept up by none other than conservative firebrand Bill O'Reilly for $7.65M. Now word hits that the Fox News host had it razed to make room for an 8,000-square-foot "custom-built home"—much to the chagrin of his neighbors, of course. [East Hampton Star via The Real Estalker]