Barry Sternlicht Is Now Officially A Florida Resident; ‘Exodus’ From Connecticut Due To High Taxes

Barry Sternlicht became a Florida resident as of July 1, in a move to save taxes.

Sternlicht made the announcement last week at the CNBC Institutional Investor Delivering Alpha Conference, Reuters is reporting.

Last year, a company controlled by Sternlicht purchased a waterfront lot at 2374 North Bay Road for $17 million. A Kobi Karp-designed home has been under construction there.

Others that have recently made a similar move include billionaire hedge fund managers David Tepper (South Beach) and Edward Lampert (Indian Creek.)

 

 

an older rendering of 2374 north bay road: