Hedge-fund billionaire Ken Griffin has shattered the Miami value document, 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 document from himself. Final 12 months, 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 just a few miles away in Coconut Grove, an prosperous enclave the place celebrities comparable to LeBron James and Sylvester Stallone have owned houses.
Griffin is greatest often called the founder and chief government 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 toes of water frontage, the compound contains two houses: a Mediterranean Revival-style mansion in-built 1913 often called Villa Serena, and a more recent house in-built 1999 often called Indian Spring. Collectively, they mix for greater than 20,000 sq. toes.
Restored in recent times, Villa Serena claims a spot on the Nationwide Register of Historic Locations. It options three bedrooms and grand residing 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 residing area outdoors, resulting in a swimming pool and spa.
Each mansions open to grassy lawns that descend to a non-public 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 value document. In 2019, he shelled out $238 million for a New York penthouse — essentially the most ever paid for a house within the U.S.
