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Citigroup's CEO Vikram Pandit puts home up for sale

Citigroup's Chief Executive Officer Vikram Pandit has reportedly put his Greenwich, Conn., home up for sale for $4.3 million.
Citigroup's Chief Executive Officer Vikram Pandit has reportedly put his Greenwich, Conn., home up for sale for $4.3 million.Sotheby's International Realty

Citigroup CEO Vikram Pandit has reportedly put his Greenwich, Conn., home up for sale for $4.3 million, or almost 5 percent more than he paid for it some 11 years ago.

The 5,623-square-foot six-bedroom, six-bathroom house located on 2.37 acres features “a lovely pool, pool house and garage apartment,” according to a listing by Debby Gardiner, a broker with Sotheby’s International Realty in Greenwich.

“This timeless residence includes a wood-paneled library, updated eat-in kitchen with adjacent family room, lower level playroom and two-car garage,” the listing reads. The home listing was reported earlier this week by the Real Estalker blog.

Pandit bought the home in June 2001 for $4.1 million, according to Bloomberg News, citing the Greenwich assessor’s office, which estimated its market value at $3.2 million in October 2010.

Shareholders of Citigroup earlier this week rejected a board-approved pay package for Pandit and other top executives, sending a loud and clear message that executive compensation needs to be tied to performance.