Billionaire Steve Cohen Picks Up Luxuriously Appointed Florida Spread for $21.6M

Published: August 31, 2021 | By: American Luxury Staff

Mets owner and hedge funder Steve Cohen was last in the real estate news this spring. At that time, the billionaire’s penthouse condo in Manhattan had entered pending status. The property had been on and off the market under Cohen’s ownership for eight years, and started its journey at $115 million. By the time it moved into pending and presumably closed, it was asking $29.5 million.

Cohen, one of many New York financial-world heavies to decamp for Florida, apparently began looking for office space in Palm Beach County for his firm, Point72 Asset Management, this past winter. Fast forward a few months and Cohen is putting down residential roots in the area: this month, he closed on an estate in nearby Delray Beach. The property changed hands at $21,646,470, according to public records.

The estate is anchored by a 31,000 sq. ft. mansion containing seven bedrooms and fourteen baths. The postmodern home is located within the gates of Stone Creek Ranch. Its recessed entrance is situated beyond a porte-cochere, and is accented with milled stone, columns, and glossy black double front doors.

The home’s interiors begin with a grand foyer—double staircase, inlaid marble tile floor, upper floor gallery, shimmering chandelier—and progress to include a long list of details: an arcade hallway, a shimmering accent wall inset with a linear fireplace, a 32-foot living room ceiling, stone and hardwood floors, double kitchen islands. Amenities include a lounge with a full-sized bar, a master wing, a catering kitchen, a cigar room, a two-lane bowling alley, and a theater.

A tour of the property’s grounds reveals a koi pond, a meditation garden with a waterfall, a tropically-landscaped pool area with waterfalls, a championship tennis court, a salon, a spa, a gym with a sauna, a grotto, fire features, and a summer kitchen.

Cohen’s net worth is $16 billion, according to Forbes.

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