Hedge Fund Founder Jerrold N. Fine Sells Connecticut Estate for $13.6M

Published: April 5, 2016 | By: American Luxury Staff

The nearly 300-acre estate in Redding, Connecticut, owned by Jerrold Fine—former hedge fund manager and founding partner of Steinhardt, Fine & Berkowitz and then Charter Oak Partners—has finally sold for $13.6 million after first landing on the market in 2012 with a $27.5-million asking price.

The property dubbed “Deer Run” is about an hour outside of New York City and was most recently listed for $19.5 million after multiple price cuts. Despite earning about half of what was originally sought for the home, the sale still goes down as the largest in the history of Redding, narrowly beating the home once owned by filmmaker Barry Levinson, which sold for $12.2 million in 2012.

The parcel’s main feature is the about-16,000-square-foot stone-and-shingle main house that holds 7 bedrooms, an indoor basketball half-court, and an indoor heated pool. There is also a four-car garage with a guest apartment and an outdoor heated pool to round out the living space.

Other amenities of Deer Run include a tennis court, a 7-acre lake complete with a boathouse, a barn, and miles of trails for horses and hiking.

Photo credit: Chi Chi Udina/Grayson De Vere Design

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