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Despite Irma damage, Caribbean estate sells near $67 million asking price

Bruce Kovner, a retired hedge-fund manager, needed longer than expected to close the sale of his Girasol estate after Hurricane Irma tore up the landscaping

Girasol (Credit: Pierre Carreau)
Girasol (Credit: Pierre Carreau)

Retired hedge-fund manager Bruce Kovner got a sum near the $67 million asking price for his Caribbean estate despite damage by Hurricane Irma, the Wall Street Journal reported.

The listing agent, Christian Wattiau of Sibarth Real Estate, told the Journal the sale of Kovner’s estate, called Girasol, was the most expensive property transaction ever recorded on St. Barts.

However, extensive hurricane damage to the landscaping at Girasol delayed the closing of its sale as Kovner pursued an insurance claim for the damage.

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Wattiau told the Journal that the new owner of the 7.5-acre St. Barts property is a businessman in Europe who planned to vacation there.

Banker Benjamin de Rothschild originally built Girasol, which Kovner bought in 2005 and extensively renovated.

A footbridge leads to the main house’s front door. The main house has three bedrooms, each with its own terrace, and a swimming pool. The property also comes with a three-bedroom villa for guests with its own swimming pool. [Wall Street Journal] – Mike Seemuth