Real LI

Real estate developer and part-time Hamptonite R. Donahue Peebles received the Entrepreneur of the Year Award this week at the 11th Annual Wall Street Project Economic Summit in Manhattan. The award was presented by the Rev. Jesse Jackson, who founded the project "to assure equal opportunity for minority employees, consumers and entrepreneurs." Peebles, the founder, chairman and chief executive officer of The Peebles Corporation, is the country’s largest African American real estate developer with a portfolio that includes luxury hotels and residential and commercial properties and projects under way in Washington, D.C., Miami Beach, the Florida Keys, San Francisco, Calif., and Las Vegas valued at more than $4 billion. Peebles has a home in Bridgehampton. Property records show that Peebles bought the home in March 2007 for $5.39 million. The house sits on 10 acres and includes a main house containing about 10,000 square feet, as well as two guest houses. The main house has six bedrooms, four full baths and two half-baths, as well as a formal living and dining rooms, a ballroom, a family room and an office. There is also a swimming pool, walking and meditating gardens and an outdoor shower. Of the house, Peebles tells Newsday: “We spend the summer there, and then weekends in the fall and spring.”