Home Financial Record Ken Griffin sets record with $109 million Miami home purchase

Ken Griffin sets record with $109 million Miami home purchase

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Finance kingpin Ken Griffin has been revealed as the most expensive residential real estate transfer buyer in Miami history.

The Citadel boss – who recently announced the move of his crime-ridden Chicago business to Miami – bought the four-acre resort in Coconut Grove for $106,875,000 last week, according to the real deal.

The lavish beachfront spread was put on the market by businesswoman and philanthropist Adrienne Arsht for $150 million in January.

As Palm Beach’s hot real estate market has seen its nine-figure share of transfers, Griffin’s purchase marks the first time a Miami property has crossed the threshold.

The city’s previous sales record was $93 million for three adjacent homes bought by tech titan Phil Ragon earlier this year.

Arsht said she plans to donate the proceeds from the sale to charity.

“As manager of this beautiful property, I am proud to leave its legacy to future generations. guardians,” she said in a statement. “May they also enjoy the breathtaking view!”

Citadel CEO Ken Griffen has been revealed as the buyer of a $109 million Miami home.
REUTERS/Mike Blake
Businesswoman and philanthropist Adrienne Arsht put the mansion up for sale in January for $150 million.
Businesswoman and philanthropist Adrienne Arsht put the mansion up for sale in January for $150 million.
Photo by Patrick McMullan/PMC via Getty Images

Griffin has gobbled up South Florida properties for hundreds of millions of dollars in recent years.

After issuing several warnings to Chicago city leaders about spiraling crime, Griffin announced Citadel’s move to Miami in June.

According to Bloomberg, he is worth and is estimated at $29 billion.

Griffin’s latest trophy consists of two homes totaling 25,000 square feet.

Overlooking Biscayne Bay, the property features over 400 feet of water frontage and views of the Miami skyline.

Ashley Cusack of Berkshire Hathaway HomeServices EWM Realty brokered the deal.