Home News Ken Griffin pays $107M for waterfront estate in Miami

Ken Griffin pays $107M for waterfront estate in Miami

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With billionaire Citadel boss Ken Griffin moved his company And his Miami residence, the hedge fund mogul, paid a local record price of $106.87 million on Aug. 8 for a 4.19-acre waterfront property in Miami’s Coconut Grove area. Revealed as a mystery buyer.

Griffin recently placed 4 of 7 Chicago condos at the market It set a record for the highest price ever paid for a single-family home in Miami-Dade County, with prices ranging from $11.5 million to $15.75 million.

Griffin purchased the property from businessman and philanthropist Adrian Arshut, who first put the property on the market in January for a staggering $150 million.

Arsht purchased a portion of the land in 1996 and built the 12,000-square-foot mansion in 1999. This is known as Indian Springs and has 5 bedrooms, 4.5 bathrooms and guest suites he has 2 bedrooms and 6 guest suites. -Parking and tennis courts Also on the estate is a 5,200 square foot vintage home, connected to Indian Springs via a stone path and known as Villa Serena, built in 1913 by former Secretary of State Williams Jennings Built for Brian, it has a living room and dining room. room and living room. Completing the compound is a two bedroom guest house above a three car garage.

Arsht reportedly spent four years renovating the Mediterranean Revival-style home after purchasing Villa Serena in 2007.

With his new purchase, Griffin, who owns a number of other properties in South Florida, now has a 12-bedroom, 17-bathroom compound with a total of 19,919 square feet.

The estate is adjacent to Villa Vizcaya, the late James Deering’s beachfront residence, now a museum and gardens.

Among Griffin’s other properties in Miami are a series of condominiums he purchased in 2015 for $60 million in the Faena House development, and a 2.5-acre water property he purchased in April for $363 million. It has a front development site and will likely be the Citadel’s future home.

The Real Deal first reported on Griffin’s purchase.

Goldsborough is a freelance reporter.

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