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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.
The property, the largest on the island according to the territorial planning department, covers nearly 52 hectares in the Colombier district (northwest). David Rockefeller, who died at age 101 in 2017, had commissioned architect Nelson W. Aldrich to design the villa, which was completed in the early 1960s. The estate includes a traditional Caribbean-style main villa, several outbuildings to accommodate guests or staff, a swimming pool, a tennis court and large landscaped gardens.
Restoring it to its glory
The last owners had been looking for a buyer since the villa was severely damaged by Hurricane Irma in 2017, says the buyer’s advisor. Adam Sinn says he is “thrilled to have acquired such an iconic piece of history”, and assures that “at this point, there are no plans other than the desire to restore the property to its Rockefeller years glory.”
Since the passage of a new local ordinance in December 2020, “the property is in a natural area. While some development is possible, it is only possible on minimal areas. Precisely so that not just anything is done”, explained the director of the Territorial Agency for the Environment of Saint Barth, Sebastien Gréaux.
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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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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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