John Paulson's Southampton Price Cut

Good news for anyone looking for a huge bargain in the Hamptons now that we've reached the end of the season. After languishing on the market for four months at $19.5 million, billionaire hedge funder John Paulson has slashed the price of his 6,800-square-foot Southampton home. It's now just $16.9 million. Even with the $2.6 million discount, Paulson will still collect a profit (assuming he sells at that price, of course). He bought the three-acre property from Jurgen Friedrich for $12.75 million in 2006. But after his hedge fund's stellar year in 2007—Paulson himself collected ten figures, making him the highest-paid man in finance for the year—it was clear he'd have to trade up, and he picked up an estate nearby for $41.3 million. After the jump, photos of Paulson's hand-me-down.

John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut \
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
John Paulson's Southampton Price Cut
Southampton Estate [Prudential Douglas Elliman]