A sprawling Greenwich, Connecticut, estate has hit the market for $150 million, putting hedge fund billionaire Ray Dalio back in the local real estate spotlight.

Copper Beech Farm, a more than 50 acres (20 hectares) property with an eight-bedroom main house, would rank among the most expensive homes in the US if it's sold at the current asking price. The estate last sold in 2014 for $120 million.

Dalio, the founder of hedge fund firm Bridgewater Associates, had long been speculated as the 2014 buyer of the property. The limited liability company that owns the residence, the Conservation Institute LLC, lists a Bridgewater email address. An accounting manager for Dalio Family Office is named as having filed the limited liability company's most recent annual reports with the Connecticut secretary of the state.

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