Ken Griffin continues buying spree with $25M Miami Beach parcel

Citadel founder also owns massive assemblage in Palm Beach, penthouses at Faena House

Miami /
Dec.December 04, 2020 02:56 PM
Ken Griffin and lots on Star Island Drive (Citadel, Google Maps)

Ken Griffin and lots on Star Island Drive (Citadel, Google Maps)

 

Billionaire hedge fund manager Ken Griffin has purchased another property on Star Island, likely completing his assemblage there, The Real Deal has learned.

Griffin acquired 10 Star Island Drive for $25 million, according to sources. A deed for the transaction shows Star West Property LLC sold 10 Star Island Drive to Florida Way Charter LLC, a Delaware company.

All told, Griffin has likely spent about $95 million on the Star Island properties. A company tied to the Citadel founder and CEO paid $37 million for the double lot at 11 and 12 Star Island Drive in August. He’s also reportedly the buyer of 13 Star Island Drive, which was previously linked to Jennifer Lopez and Alex Rodriguez. That deal closed for $32.5 million.

The Star Island assemblage isn’t the first for Griffin in South Florida: He’s spent more than $350 million on land in Palm Beach, on top of the $60 million he paid for two penthouses at Faena House. His Chicago-based hedge fund began operating a temporary trading room in Palm Beach at the start of the pandemic, and Griffin, a Daytona Beach native, has donated tens of millions of dollars to the expansion and renovation of the Norton Museum of Art in nearby West Palm Beach.

Griffin, who’s worth about $15 billion, owns some of the most expensive residential properties around the world, including in Manhattan, Chicago and London. In 2019, he closed on a $240 million apartment at New York City’s 220 Central Park South, breaking the record for the most expensive residential transaction recorded in the U.S.

The ultra-luxury single-family home market has been incredibly active in Miami Beach and Palm Beach in recent months. On Star Island alone, former U.S. ambassador Paul Cejas sold his waterfront mansion to a private equity investor for $20.1 million in September, and the mansion at 14 Star Island Drive closed for $24 million.





    Related Articles

    arrow_forward_ios
     Jeff Blau and One Ocean (Getty)

    Related Cos. CEO Jeff Blau sells Miami Beach condo

    Related Cos. CEO Jeff Blau sells Miami Beach condo
    Caroline Wozniacki and David Lee and Palazzo Del Sol, Fisher Island (Photos via Getty; The Jills Zeder Group/photography by Lifestyle Production Group)

    Caroline Wozniacki and David Lee list Fisher Island condo for $18M

    Caroline Wozniacki and David Lee list Fisher Island condo for $18M
    4404 North Bay Road with Cindy Crawford and Rande Gerber (One Sotheby's, Google Maps, Getty)

    Cindy Crawford, Rande Gerber paid $10M for waterfront Miami Beach teardown

    Cindy Crawford, Rande Gerber paid $10M for waterfront Miami Beach teardown
    2555 Lake Avenue and Elizabeth Taylor, pictured at the house in 1949 (Getty)

    Waterfront Miami Beach mansion linked to Elizabeth Taylor sells for $20M

    Waterfront Miami Beach mansion linked to Elizabeth Taylor sells for $20M
    Keith Rabois with 1429 North Venetian Way (Getty, Paul Stoppi for Bill & Bryan Team/Douglas Elliman)

    Tech investor Keith Rabois pays record $29M for Miami Beach mansion

    Tech investor Keith Rabois pays record $29M for Miami Beach mansion
    Ken Griffin with Faena House at at 3315 Collins Avenue (Photos via Getty; Google Maps)

    Billionaire Ken Griffin parting with Faena House penthouses in Miami Beach at a loss

    Billionaire Ken Griffin parting with Faena House penthouses in Miami Beach at a loss
    Tom Brady and Gisele Bündchen with 26 Indian Creek Island Road (Getty, Google Maps)

    Tom Brady, Gisele Bündchen revealed as buyers of Indian Creek property

    Tom Brady, Gisele Bündchen revealed as buyers of Indian Creek property
    Karlie Kloss and Joshua Kushner with 2318 North Bay Road (Getty)

    Karlie Kloss, Joshua Kushner revealed as buyers of Miami Beach mansion

    Karlie Kloss, Joshua Kushner revealed as buyers of Miami Beach mansion
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...