Rockefeller Estate in St. Barthelemy sold for $136 million

The Saint-Barthélemy estate, built by banker David Rockefeller in the late 1950s, has been sold for $136 million. The new owner, an American businessman, wants to restore this historic property to its former glory.

 

The luxury real estate market continues to grow. An American businessman has acquired the exceptional villa built by banker David Rockefeller in the late 1950s, located on a huge estate on the island of St. Barts. In a statement, Douglas Foregger, the buyer’s real estate advisor and president of Wimco Real Estate in St. Barts, said the sale was made official on April 7.

 

The new buyer, Adam Sinn, a 45-year-old U.S. citizen, paid a cool $136 million (€124 million), according to The Wall Street Journal.

 

“This is the highest real estate transaction ever recorded on the island for a single residence”, commented Christian Wattiau, president of Sibarth Real Estate, one of St. Barts’ leading real estate agencies.

 

Located in the French West Indies, the property was purchased in 1957 by David Rockefeller, grandson of industrialist John D. Rockefeller, and was bought in the early 1990s by Steve and Linda Horn, producers of television commercials in the United States.

 

 

5% of the sale

 

This transaction represents a good deal for the territorial authority of Saint-Barthélemy. The latter will in fact collect 5% of the amount, as part of the territorial legislation on registration fees for the transaction. This amounts to “a little over 6 million euros”, said its president, Xavier Lédée.

 

 

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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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