In the high summer of this year, hedge funder Bruce Kovner listed his elegant and dramatic promontory estate in Carpinteria for $160 million. On its ocean side, the property’s land concludes dramatically with over a half mile of bluff overlooking the water.

Kovner — who is also the founder of CAM Capital, and the company’s Chairman, and apparently also acts as Chair for Juilliard — is sticking to his guns for the relist. $160 million it asked then, and $160 million it continues to ask as autumn deepens and the year nears its end.

The property is titled The Sanctuary at Loon Point, a rather formal name that suggests narrative. Fair enough, so does the property; the backstory is a 14-year labor of love that slowly accumulated the five parcels that make up its 22 acres of grounds.

The main house is a sprawling villa in the style of a country residence of the South of France. Kovner assembled the house nearly piecemeal, with the whole suggesting an artful accumulation of materials reclaimed from the Continent; the interiors are therefore a travel-log of sorts, or a collage.

Some of the more interesting interior details include a bedroom with a barrel ceiling finished in herringbone-pattern hardwood and vintage panoramic wall covering, the fireplaces, and of course the wealth of battered timber used in floors and ceilings that tells a story or two all by itself.

There’s a fair amount of river rock used in the home’s exterior, and it is echoed in the stone walls and elsewhere in the landscaping as the property unfolds. Sprawling lawns, vineyards, gardens, walking paths and outdoor steps meander throughout the acreage, contributing to the extraordinary sense of breathing room summoned by this property’s breadth of space and vision.

At the time of the initial listing, an option was presented to purchase about half the estate for $80 million. It is likely that the half-purchase option is still available.

Kovner’s net worth is $6.2 billion, according to Forbes.