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Ken Griffin Revealed As Purchaser Of File $107M Miami Sale

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Final week, Miami’s luxurious market acquired a significant shot within the arm when businesswoman and philanthropist Adrienne Arsht let go of her four-acre Coconut Grove property for a report $106.875 million.

None aside from hedge funder Ken Griffin has emerged as the client of the record-breaking sale, surpassing the earlier report for the priciest single-family itemizing in Miami-Dade County by greater than $10 million, based on The Actual Deal.

That earlier report went to the $93 million sale of three adjoining houses on Golden Seashore to Phillip Ragon, the founding father of InterSystems.

The Arsht Property was initially listed for $150 million in January.

The information comes following Griffin’s June announcement that his hedge fund agency, Citadel, can be relocating from Chicago to Miami, citing the Windy Metropolis’s elevated crime and a scarcity of elected officers’ motion to fight it.

Property data present that the Arsht Property was bought by 3031 Brickell LLC, a Delaware entity.

Griffin has bought a number of properties in Florida in recent times, together with a $75 million property on Star Island and a $45 million property in Coral Gables.

As well as, Griffin’s agency has spent hundreds of thousands on business actual property in Brickell over the course of 2022, based on an evaluation by The Actual Deal.

Ashley Cusack of the Ashley Cusack Workforce at Berkshire Hathaway HomeServices EWM Realty represented the vendor and Jill Hertzberg of the Jills Zeder Group at Coldwell Banker represented the client.

The 2-home waterfront property encompasses a complete of 25,000 sq. toes of residing house and 12 bedrooms.

Arsht initially bought the land on which she ultimately constructed the property’s newer house, “Indian Spring,” within the late Nineties for about $4 million. She then bought the neighboring property, the 1913-built “Villa Serena,” within the late 2000s for about $12 million.

In response to Bloomberg, Griffin has a internet value of about $29 billion.

Though eye-popping, the sale of The Arsht Property nonetheless falls wanting Florida’s priciest single-family house sale, which was set with the $173 million buy of a Manalapan property close to Palm Seashore by Oracle CEO Larry Ellison earlier this 12 months.

E mail Lillian Dickerson

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