Jan. 18 (Bloomberg) -- Former Citigroup Inc. Chief Executive Officer Charles Prince put his five-bedroom Greenwich, Connecticut, home up for sale for $6.15 million, his real estate agent said in an interview.

The Tudor-style ``manor house'' sits on 2.34 acres with a swimming pool and was built in 1987, said Tom Gorin, president of Cleveland, Duble & Arnold Corp. of Greenwich. Gorin planned to show it to a potential buyer from Australia today.

``It's got big rooms, but it's understated,'' Gorin said. ``It no longer meets his needs.''

The house sits in one of the most sought-after New York City suburbs, a town of about 61,000 people that's home to more than 100 hedge funds. The median price of single-family houses sold in Greenwich climbed 8 percent last year to $2.1 million, according to Prudential Connecticut Realty.

The town has attracted financiers including Edward Lampert, chairman of ESL Investments Inc., and former Citigroup Chairman Sanford Weill, whose own Greenwich property was less than a 10- minute drive from Prince's when Weill announced in July 2003 that Prince would succeed him as CEO.

Prince's Exit

Prince stepped down as head of the largest U.S. bank in November as the company prepared to announce the biggest loss in its 196-history. Surging defaults on home loans forced it to write down the value of subprime mortgages and related securities by $18 billion.

The 58-year-old left his post with stock and retirement benefits worth about $60 million, according to regulatory filings. By retiring rather than being fired, he preserved the right to keep about 743,640 Citigroup shares with a market value of about $26.7 million, compensation consultant Brian Foley based in White Plains, New York said at the time.

Visitors to the Greenwich house enter through a circular driveway and entrance hall with barrel-vaulted ceilings and herringbone wood floors. A series of French doors open onto south-facing terraces all along the back, Gorin said.

The house also includes an exercise room with a sauna and shower, a dining room that seats 12, and a master bedroom suite that features a separate sitting room with a fireplace, according to the listing on Cleveland Duble's Web site.

``It's a light, sunny, good house,'' he said. ``It has wonderful, big, high-ceilinged rooms.''

Prince also owns a home on Park Avenue in Manhattan, Gorin said.

To contact the reporter on this story: Sharon L. Lynch in New York at sllynch@bloomberg.net

Last Updated: January 18, 2008 13:24 EST