Just when it looked like billionaire hedge funder Ken Griffin was taking a breather from assembling pricey property in Palm Beach — and the world — he has paid $99.1 million for an oceanfront estate.
The seller was billionaire real estate investor Frank McCourt, who unloaded the 18,452-square-foot mansion at 60 Blossom Way. Griffin acquired the estate through Providence Partners LLC, property records show. McCourt, the former Los Angeles Dodgers owner, turned a 30 percent profit on the property, which he bought two years ago.
It marks the second most expensive residential sale in history for the exclusive island. The Palm Beach Daily News first reported the deal. Griffin has now spent at least $350 million on land in Palm Beach alone.
The purchase is only one part of a growing collection of ultra-luxury homes that Griffin, CEO of Chicago-based hedge fund Citadel, has made in the U.S. and around the world.
Griffin shattered all records in Manhattan with his purchase of a quadplex penthouse condo overlooking Central Park in January. And the list goes on and on.
Here are some of the most expensive luxury home buys that Griffin has made in recent years:
In the latest deal, Griffin acquired the property from McCourt through Jeffrey Ingram, trustee of the 60 Blossom Way Trust. McCourt paid $77 million for the 60 Blossom Way beachfront mansion in 2017. The property was built in 2008, and has eight bedrooms, pools, a separate dining pavilion, and hardwood and marble finishes.
Griffin has now shelled out at least $350 million assembling nearly 19 acres of land on the island of Palm Beach. In May, he received permission from Palm Beach officials to knock down the lakefront house at 1285 South Ocean Boulevard, which is part of the property.
Earlier this year, he spent a record $238 million to buy a penthouse at 220 Central Park South in Manhattan. The 23,000-square-foot quadplex encompasses the 50th through 53rd floors of the limestone tower, developed by Vornado Realty Trust and designed by Robert A.M. Stern. It was on the market for $250 million, and ended up selling for a record price in the U.S. at the beginning of 2019.
Also in January, the hedge fund honcho spent overseas for a Central London mansion for $122 million, the most expensive home sale in London since 2011. The historic home, at 3 Carlton Gardens, is near Buckingham Palace. The home was once a wartime residence of Charles de Gaulle, has been the home of three British prime ministers and has been used by the intelligence agency MI6, according to Forbes. The home’s original asking price was more than $186 million, but the ask was lowered to $161 million two years later.
Two years ago, Griffin paid $59 million for a four-story penthouse at the top of JDL Development’s No. 9 Walton condo tower, setting a Chicago home sale record. The building features a house car and driver, private wine storage available, a covered dog run and two guest suites available to all homeowners.
Credit: Source link