 Søbøtker maintained an extravagant lifestyle and in the same time the meagre times which followed the English Wars and the national bankruptcy in 1813 hit his business enterprises hard.In 1821 he had to sell Øregård, and moved to the Danish West Indies where he settled on his estate on Saint Croix and later became governor of Saint John and Saint Thomas.Øregård came under new ownership and was converted into a museum and was ultimately acquired by Gentofte Municipality in 1917 and converted into a museum.