Girasol Estate, Listed at $67 Million on Saint Barthelemy, Sold - Underscoring Island's Post-Hurricane Market Confidence
Published Thursday, December 7, 2017 Updated on Thursday, December 7, 2017

Girasol Estate, Listed at $67 Million on Saint Barthelemy, Sold - Underscoring Island's Post-Hurricane Market Confidence

Girasol was listed in February and transaction closed just nine months later despite Hurricane Irma

New York, NY - Christie’s International Real Estate, leader in the marketing and sale of luxury properties, is pleased to announce that Girasol, a singular Caribbean family compound, has sold. Sibarth Real Estate, the network’s exclusive Affiliate on Saint Barthélemy, represented the property with global marketing by Christie’s International Real Estate. The sale of Girasol, originally built by banker Benjamin de Rothschild and improved on every level by macro-investing legend Bruce Kovner, comes just two months after Hurricane Irma stormed across the island.

The property was introduced to the market in February and closed in November. Irma hit on September 6. St. Barth’s was among the most impacted islands in the Caribbean.

“The structures on the estate weathered the storm,” says Christian Wattiau, Managing Partner of Sibarth Real Estate. “The new buyer visited Girasol after it passed through and was pleased to proceed with the sale, a strong show of confidence in the enduring appeal of St. Barth’s as a destination market to purchase real estate.”

Encompassing more than seven acres, this resort-like estate boasts a 175-yard beachfront, two villas offering a total of six bedrooms (and seven, should the state-of-the-art office be converted back), a grandiose pool area and workout facilities. Overlooking the Atlantic coast, the estate is located on the beach of Marigot with a majestic 1.2 acre coconut grove and whose waters are classified as a protected preserve.

“Hurricane Irma was a force to be reckoned with,” says Rick Moeser, Executive Director of Christie’s International Real Estate. “But even that historic storm couldn’t dampen the resolve of the island’s citizens and of international buyers looking to live among the splendor of St. Barth’s. While there is still work to be done, the island will recover and is already recovering, as evidenced by this significant sale.”

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About Christie’s International Real Estate
Christie’s International Real Estate is an invitation-only affiliate network composed of the world’s most proven and qualified real estate specialists in the luxury residential sector. The company has offices in London, New York, Hong Kong, Moscow, Los Angeles, and Palm Beach, and approximately 135 global affiliates with 32,000 real estate professionals in 45 countries. For additional information, please visit www.christiesrealestate.com.

About Sibarth Real Estate
For more than 40 years, Sibarth Real Estate has maintained the most trustworthy reputation in real estate services and advice in St Barth. The team of respected professionals will guide you through your real estate transactions with discretion, equity and honesty. Their vocation as realtors is to keep the client’s best interest at heart and to build long-term relationships based on confidence and trust.

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