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John Paulson Finally Catches A Break

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After putting it on the market back in April 2008, the preferred Paulson has finally sold his Southampton vacation home, for $9.9 million (JP bought the place for $12.75 million in 2006). He was originally looking to pocket $19.5 million, but was forced to reduce the asking price for the 7,000 square foot pad (featuring 7 bedrooms and 7.5 bathrooms) to $16.9 million last August, $13.9 million last October. [NYP via Cityfile]
Earlier: John Paulson Having Trubs With Housing Market