Greenwich Mansions Get Biggest Discounts -- mentions the Peterffy estate

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Greenwich Mansions Get Biggest Discounts Since Lehman Fell
January 18, 2018, 12:01 AM EST Updated on January 18, 2018, 11:33 AM EST

• Reductions of 13.5% on average help cut high-end backlog
• Druckenmiller, Peterffy estates among year’s priciest deals

 

[MoreLeverage]

It took an even larger discount -- almost 68 percent -- to find a buyer for billionaire Thomas Peterffy’s 80-acre (8.9-hectare) estate in the gated Conyers Farm community. The property -- with a seven-bedroom house, a pool and a 22-stall stable close to polo fields -- sold for $21 million, down from the $65 million asking price in 2015, listings records show.

Well, at least Peterffy's IBKR stock doubled so I guess he can afford to take a $43M loss on his real estate sale. He's still making a good trade, ditching CT and their badly managed government and income taxes for tax friendly FL.

http://www.courant.com/business/dan...eterffy-exit-costs-state-20160302-column.html