A Billionaire Has Spent $95 Million Buying Land On Star Island This Year

On Star Island, a billionaire has reportedly completed the purchase of four adjacent properties for a combined $95 million.

Ken Griffin has a net worth of $15 billion according to Forbes, and is said to be the buyer behind several LLCs that are listed on the purchases, according to The Real Deal.

Griffin’s $32 billion Citadel fund is now based in Chicago but will be opening an office in Miami.

Here’s a list of the properties said to have been purchased by Griffin:

  • 10 Star Island Drive – A vacant 40,000 square foot lot purchased for $25 million in December 2020.
  • 11 and 12 Star Island Drive – Two vacant lots with a combined 80,000 square feet, purchased for $37 million in August 2020.
  • 13 Star Island Drive – A 15,011 square foot home built in 2003, on a 40,000 square foot lot. Purchased for $32.5 million in August 2020.

The combined purchase price is $94.5 million, for a total of 160,000 square feet of land, or 3.67 acres. That works out to a purchase price of nearly $26 million per acre.

 

 

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Anonymous
1 month ago

Must be nice to play monopoly in real life haha!!

Anonymous
1 month ago

….especially on Star Island

Anonymous
1 month ago

Bring Citadel to Miami Ken !

Anonymous
1 month ago

Takes money to make money…

Anonymous
1 month ago

hes no dope…he knows alot of very wealthy people are moving here and developing these lots will make him even more money

Anonymous
1 month ago

Yes, or he has a hobby of buying ultra luxury houses? He just sold his Faena penthouse condos at a loss. Looks like an expensive collection to me rather than a strategic real estate investment scheme.

Anonymous
1 month ago

may be he wants to recover the money he lost on his faena apartment

Anonymous
1 month ago

He just lost $15 million at Faena PH #badinvestment

Anonymous
1 month ago

The new Aman Hotel that’s going to get built will destroy the views and aesthetics of the Faena Penthouse. This was him getting out of that deal before that building gets built and he would have to incur an even bigger loss.

Anonymous
1 month ago

Chump change.

Anonymous
1 month ago

One day, Star Island will have a total of 5 residences.

Anonymous
1 month ago

It’s so in vogue for billionaires to have a footprint in Miami. If they lose something to sea level rise, it’s only a drop in the bucket.

Anonymous
1 month ago

Star island will sink in a few years unfortunately.

Anonymous
1 month ago

Mr. Gore you should keep warning us of our eminent doom!!! I am on the edge of my seat from your last prediction.

Anonymous
1 month ago

Unfortunately for the fortunate, so big deal if that was true… If they don’t cough up money to upgrade aging infrastructure, which is the real reason flooding gets so bad, they’ll just play Monopoly elsewhere.

Anonymous
1 month ago

More money than common sense.

Anonymous
1 month ago

I’m sure he has more common sense than you, being a billionaire with hundreds of advisors at his disposal

Anonymous
1 month ago

very unlikely. These are billionaires that live on this island so they will pay to improve the land and fix their sea walls

Anonymous
1 month ago

More likely, you’ll get evicted from your trailer along Okeechobee Rd in a few months

J.M.
1 month ago

How does it feel to be scared of your own shadow?

Azarius
1 month ago

Hopes he build some condos on star island

Ugly?
16 days ago

Ken Griffin has 100’s of people trading stocks and options for him. He is not a real estate developer.