Stanley Druckenmiller Connecticut estate

  • Wall Street billionaire Stanley Druckenmiller has sold his Greenwich, Connecticut home. 
  • It sold for $25 million after listing for $31.5 million.
  • Druckenmiller was formerly an exec with Soros Fund Management.

Billionaire trader Stanley Druckenmiller, formerly a top investment strategist to George Soros, has sold his palatial Greenwich, Connecticut, estate for $25 million, according to the Real Deal.

That price is merely $2 million above the price he paid for it in 2004. It’s just the third Greenwich sale above $20 million this year, listing agent Leslie McElwreath of Sotheby’s International Realty told the magazine.

The estate has 12,238 square feet of living space and eight bedrooms in total. It sits on nearly 20 acres and is technically three lots combined into one.

Druckenmiller and his wife sold the home because they don’t get enough use out of it, McElwreath said.

Druckenmiller is the former president of Duquesne Capital Management, which he founded before joining Soros Fund Management.

SEE ALSO: A hedge fund manager just put his $70 million Hamptons beach house on the market — take a look inside

The estate, known as Sabine Farm, was built by publisher H.J. Fisher in 1910.

After Druckenmiller and his wife bought the estate in 2004, they renovated the mansion.

The home has 12,238 square feet of living space.

See the rest of the story at Business Insider