Caribbean Estate Sells for Close to $67 Million Despite Hurricane Damage

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Caribbean Estate Sells for Close to $67 Million Despite Hurricane Damage

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Retired hedge-fund manager Bruce Kovner has sold his Caribbean estate ‘Girasol’ despite damage it sustained during Hurricane Irma in September.

Retired hedge-fund manager Bruce Kovner has sold his Caribbean estate ‘Girasol’ despite damage it sustained during Hurricane Irma in September.


Photo:

Pierre Carreau

On the Caribbean island of St. Barthélemy, a longtime vacation spot for the rich and famous that was rocked by Hurricane Irma in September, retired hedge-fund manager

Bruce Kovner

has sold his estate “Girasol” for close to its $67 million asking price.

The sale is one of the most expensive ever recorded on the island, according to listing agent

Christian Wattiau

of Sibarth Real Estate, a Christie’s International Real Estate affiliate.

While the buildings on the estate remained mostly intact, the property’s lush grounds, which included a coconut grove, approximately 600 different species of plants and a collection of gazebos, were badly damaged in the hurricane, with many trees downed, Mr. Wattiau said. The hurricane delayed the closing of the deal, which had been lined up since April, since a payout had to be worked out with Mr. Kovner’s insurance company to pay for the landscaping, he said.

Mr. Wattiau declined to identify the buyer, saying that he was a European businessman who planned to use the property as a vacation home.

The 7½-acre property, located on the north side of the island, was originally built by banker

Benjamin de Rothschild,

according to marketing materials for the property. Mr. Kovner purchased it in 2005 and completed an extensive renovation, Mr. Wattiau said.

The main house comprises three bedrooms, all of which have their own terraces. A footbridge over the swimming pool leads to the main house. In addition, there is a three-bedroom guest villa with its own swimming pool.

Mr. Kovner, who founded New York hedge fund Caxton Associates, retired in 2011. He was looking to sell the property because he’d recently completed a new home in Florida, Mr. Wattiau said. Mr. Kovner declined to comment.

By | 2017-12-07T15:44:58+00:00 December 7th, 2017|0 Comments

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