Real Estate

Ken Griffin buys Miami compound for $106.9 million, a brand new file

Hedge-fund billionaire Ken Griffin has shattered the Miami worth file, shelling out $106.875 million for a waterfront property.

It’s essentially the most ever paid for a house in Miami-Dade County, and information present Griffin stole the file from himself. Final yr, he set the earlier all-time excessive when he dropped $75 million on a house on Star Island, a man-made island in Biscayne Bay.

This one sits a couple of miles away in Coconut Grove, an prosperous enclave the place celebrities corresponding to LeBron James and Sylvester Stallone have owned properties.

Griffin is greatest often called the founder and chief govt of Citadel, a worldwide hedge fund with greater than $30 billion in belongings. The transfer comes shortly after he introduced that he was relocating the corporate from Chicago to Miami.

The vendor is Adrienne Arsht, a businesswoman and philanthropist who listed the house for $150 million in January. Arsht made a hefty revenue on the sale; information present she paid $4 million for the property in 1996.

Spanning 4 acres with 400 ft of water frontage, the compound contains two properties: a Mediterranean Revival-style mansion in-built 1913 often called Villa Serena, and a more moderen dwelling in-built 1999 often called Indian Spring. Collectively, they mix for greater than 20,000 sq. ft.

Restored in recent times, Villa Serena claims a spot on the Nationwide Register of Historic Locations. It options three bedrooms and grand dwelling areas lined with Cuban tile flooring.

Indian Spring is the bigger of the 2; it boasts 5 bedrooms, 5 bogs, an workplace, chef’s kitchen, salon, gymnasium and backyard room overlooking a terrace. Patios lengthen the dwelling area exterior, resulting in a swimming pool and spa.

Each mansions open to grassy lawns that descend to a personal dock on Biscayne Bay. The compound additionally features a guesthouse, tennis courtroom and two garages.

Ashley Cusack of Berkshire Hathaway HomeServices EWM Realty held the itemizing. Jill Hertzberg represented Griffin.

Miami isn’t the one place Griffin has set a worth file. In 2019, he shelled out $238 million for a New York penthouse — essentially the most ever paid for a house within the U.S.

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