Hedge fund billionaire sells Connecticut mansion for $25M

Former Soros exec had listed it for $32M

TRD New York /
Nov.November 25, 2017 10:00 AM

Stanley Druckenmiller and 9 Sabine Farm Road (Credit: Getty Images and Sotheby’s)

Wall Street billionaire Stanley Druckenmiller sold his Greenwich Connecticut mansion for $25 million.

Sotheby’s International Realty’s Leslie McElreath had the listing for the 12,000-square-foot home on the 19-acre estate known as Sabine Farm, the Wall Street Journal reported. Druckenmiller and his wife Fiona restored the 1910-era house after purchasing it for $23 million in 2004. The home was meant to be a weekend getaway, but the couple never got much use out of it, according the the Journal.

Carolyn Sarsen of David Ogilvy & Associates was the broker for the unnamed buyer.

The transaction marks the third sale over $20 million in Greenwich so far this year, McElwreath said.

Druckenmiller, 64, has an estimated net worth of $4.7 billion, according to Forbes, and was formerly an investment strategist for George Soros. He closed his own trading firm, Duquesne Capital, in 2010. [WSJ]Will Parker


Related Articles

arrow_forward_ios
Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA

From left: the Ritz-Carlton, 32 East 1st Street, 560 West 24th Street, 301 East 80th Street and 32 West 85th Street

Five priciest homes new to market include 1897 townhouse

Ed Gilligan and 3 East 94th Street (Credit: Getty Images, Compass)

Don’t leave home without $21M: Amex exec’s widow sells townhouse

From left: Jed Wilder, Bess Freedman, Richard Grossman, Josh Sarnell and Adam Mahfouda (Credit: Emily Assiran) 

Agents to StreetEasy: The fee is too damn high

40 East 72nd Street (Credit: Google Maps)

Nightmare on E. 72nd Street raises question: Are small condos risky?

Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

arrow_forward_ios