Disgraced hedge fund manager Alphonse “Buddy” Fletcher has found a second endeavor he’s not excelling at — selling off some of his pricey real estate.
On Friday, Fletcher, unable after 16 months to off load his 545-acre West Cornwall, Conn., castle, marked it down — a “shocking” 0.8 percent.
After listing the seven-bedroom, 10-bath, 8,412-square-foot estate for $6 million in October 2015, Fletcher cut the price by $50,000 — to $5,950,000, according to a Zillow alert.
In August 2013, the home, with a three-stall stable and a six-car garage, was listed for $8.85 million. That summer Fletcher was embroiled in a lawsuit against The Dakota — then his primary residence — which he accused of defamation and discrimination.
He lost the suit after losing his hedge funds in Chapter 11. A $50 million judgment in favor of his hedge fund investors resulted in a court order in 2016 to sell his Dakota digs to help repay defrauded investors.
Fletcher has since retreated to San Francisco to be with his wife Ellen Pao, a well-known tech exec.
Brown Harris Stevens agent John Burger confirmed on Friday that Fletcher’s former Dakota apartment is still available for $12 million.
The listing said the Connecticut castle is “ideal for a romantic retreat from city stress.”
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