The Real Deal Miami

Big name sellers unload homes well below ask

September 18, 2009 09:52AM

James Robinson, former American Express chairman, has sold his Connecticut home for $5.5 million, a full 25 percent below the home’s $7.35 million asking price. The five-bedroom, five-bathroom 5,500-square-foot home, which sits on 35 acres of land, sold to architect Santiago Calatrava, who designed the transit hub at the former World Trade Center site. This sale comes as golf star Fred Couples sells his Montecito, Calif. home for $9.56 million, also approximately 25 percent below the property’s asking price.