Billionaire Ken Griffin wants to expand his future Palm Beach estate – by 4 acres

Griffin has so far paid more than $145M on his Palm Beach assemblage

TRD MIAMI /
Aug.August 10, 2016 11:15 AM

Billionaire hedge funder Ken Griffin is building himself a waterfront compound in Palm Beach, a plan that now includes buying out his neighbor’s 4-acre estate.

Acquiring the property at 1290 South Ocean Boulevard would bring his total to 865 feet of beachfront and nearly 13.5 acres. Plans for Griffin’s new estate filed with town hall include the house owned by Virginia homebuilder Paul C. Saville and his wife, Linda J. Saville, the Palm Beach Daily News reported.

Griffin has not yet acquired the Savilles’ property, at least not in county records, and it’s not currently listed for sale. A trust in the couple’s names paid $32 million for the mansion in 2005, which is just south of the properties Griffin already owns. It’s assessed at $56.3 million, the newspaper said.

Last month, Griffin closed on two loans for his Blossom Way properties (20, 30, 40, 50 and 70 Blossom Way) totaling $114 million. He’s paid more than $145 million to collect them over the past four years.

His plans for the assemblage are to build a long single-story house with floor-to-ceiling windows and more than 56,800 square feet of space.

Griffin, who was born in Daytona Beach, is the founder and CEO of Chicago-based Citadel, one of the world’s largest with more than $25 billion in assets under management. He’s currently worth about $7.5 billion. [Palm Beach Daily News] – Katherine Kallergis


Related Articles

arrow_forward_ios
Cody Crowell, Via Flagler at the Breakers

Frisbie exec snags condo at Via Flagler at the Breakers in Palm Beach

Frisbie exec snags condo at Via Flagler at the Breakers in Palm Beach
Steve Schonfeld, Bellaria condominium complex (Credit: Google Maps)

Hedge funder Steven Schonfeld sells Palm Beach condo

Hedge funder Steven Schonfeld sells Palm Beach condo
110 Atlantic Avenue, Scott Schuster (Credit: Google Maps)

Healthcare entrepreneur sells Palm Beach home for $8M

Healthcare entrepreneur sells Palm Beach home for $8M
Peter Brant, Robert S. Taubman, and 1820 South Ocean Boulevard (Credit: Sylvain Gaboury/Patrick McMullan, John Sciulli, via Getty Images, and Google Maps)

Taubman family sells Palm Beach estate to paper mogul for $47M

Taubman family sells Palm Beach estate to paper mogul for $47M
Keith Frankel and 169 Everglades Avenue (Credit: Realtor.com, MidOcean)

Former Subway exec buys Palm Beach house

Former Subway exec buys Palm Beach house
1120 North Lake Way (Credit: Google Maps)

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M
A photo illustration of 620 Arvida Parkway (Credit: Compass, iStock)

Staying on the sunny side: South Florida resi brokers see upside in coronavirus

Staying on the sunny side: South Florida resi brokers see upside in coronavirus
Two North Breakers Row (Credit: Google Maps)

Former publishing exec buys Breakers Row condo for $8M

Former publishing exec buys Breakers Row condo for $8M
arrow_forward_ios

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

Loading...