Billionaire Ken Griffin Adds Miami Compound to His Impressive Portfolio for $106.9M

Billionaire Ken Griffin Adds Miami Compound to His Impressive Portfolio for $106.9M

Published: September 10, 2022 | By: American Luxury Staff

Hedge fund billionaire Ken Griffin’s latest nine-digit residential real estate purchase is the extravagant Miami-area estate art-world figure Adrienne Arsht put up for sale this winter. Arsht listed the massive compound in Coconut Grove with an asking price of $150 million; Griffin closed on the property for $106.9 million, local sources reported this month.

There are three residences totaling 20,000 sq. ft. amid the tropical landscaping of the property’s 4 acres. The main house is the newer structure, and was apparently custom built for Arsht in 1999, as she’s lived on the estate since 1996. It’s been titled Indian Spring, and has five bedrooms and nine baths to its credit, and lavish interiors with spectacular inlaid stone floors, high ceilings, graceful arches, a stenciled ceiling or two and masterful use of color.

The 1913-built ‘Villa Serena’ is the character-rich home of the property, with antique light fixtures, original fireplaces, and a beautiful catering-ready kitchen with a checkerboard floor. Walking paths traipse between the residences, with a tennis court and swimming pool amid the palms along the way.

Griffin’s purchases in Florida have mainly featured Palm Beach as a locus—in all, his Palm Beach Story tally comes to $350 million or more—but he’s also invested around $175 million on Star Island in Biscayne, with the last acquisition added in January of this year. In early 2020, Griffin purchased Calvin Klein’s super-modern estate in the Hamptons for some $100 million or close to it. In 2019, he paid $122 million for a mansion in London, but the purchase paled beside his heavyweight investment in the Robert A.M. Stern-designed 220 Central Park South in Manhattan that same year, which totaled $238 million, and set a record for the Big Apple.

Griffin’s net worth is estimated at $31 billion.

592 September 10, 2022 Real Estate September 10, 2022