The Wall Street Journal reports that real estate developer Michael Sonnenfeldt is selling his Southport, Connecticut waterfront mansion for $11.9 million.
Sonnenfeldt is the founder of TIGER 21— an elite and private investment group whose annual membership dues are $30,000.
Sonnenfeldt purchased the Connecticut estate back in 2002 for $7.5 million, the report said.
Since then, he had the home renovated. It's an absolutely gorgeous home.
This New England style shingle and stone residence was originally seaside cottage built in 1908. It was renovated in 2008.
The 10,000 square-foot waterfront home sits on 1.37 acres.
There's 200 feet of private beach.
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