Fund management pioneer Otto Buttula relists Trinity Beach retreat

The Trinity Beach trophy home belonging to Otto Buttula, one of the pioneers of boutique fund management, and wife Virginia, has been re-listed for sale.

It had been listed for ambitious $10 million hopes back in 2016.

Now Abercromby's agent Jock Langley is asking $6 million to $6.6 million for the retreat overlooking the Coral Sea in North Queensland, north of Cairns.

The couple bought the private beachfront estate in 2008, a year after Otto sold his co-founded online share brokerage, IWL to Commonwealth Bank.

They'd spotted the tropical haven after seeing its picture in a newspaper. It was being sold by the New Zealand rich lister Josef Roberts who introduced Australians to Red Bull.

Set on a vast 7585 square metres of beachfront land, the residence has two outdoor bars which look out over the sea.

The five bedroom, six bathroom home, which is around 1000 square metre, has a safari-themed den, a library, gym, sauna, and golf practice range. 

The property has been a holiday let for a number of years since the Buttula's relocated to Brisbane's Ashgrove.

This article was first published in the Weekend Australian.