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

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

It’s probably the most ever paid for a house in Miami-Dade County, and information present Griffin stole the report 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 similar to LeBron James and Sylvester Stallone have owned properties.

Griffin is finest referred to as the founder and chief govt of Citadel, a worldwide hedge fund with greater than $30 billion in property. 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 consists of two properties: a Mediterranean Revival-style mansion in-built 1913 referred to as Villa Serena, and a more moderen house in-built 1999 referred to as Indian Spring. Collectively, they mix for greater than 20,000 sq. ft.

Restored lately, 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 outdoors, 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 court docket 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 report. In 2019, he shelled out $238 million for a New York penthouse — probably the most ever paid for a house within the U.S.

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