Buyer Who Purchased Miami’s Most Expensive Home Ever Last Month Revealed

The buyer of a $75 million home – the most expensive ever sold in Miami’s history – has been revealed by the Miami Herald.

Billionaire Ken Griffin made the record-breaking purchase of the waterfront home at 8 Star Island Drive last month, a “reliable source” told the paper.

In addition, Griffin is likely behind the purchase of two adjacent Star Island lots, the Herald said, citing the mailing address listed on those two properties.

Combined with the two adjacent purchases, Griffin has reportedly spent a total of $137 million on Star Island property (the other two properties sold for a total of $62 million).

The $75 million purchase alone is significantly higher than any other single-family or condo residential sale in the history of Miami-Dade county.

8 Star Island last sold in 1987 for $1.39 million. That means the property appreciated 5,296% in about 35 years.

Griffin was born in Daytona Beach, and is listed by Forbes as being one of the 50 richest Americans.

He recently donated $5 million towards construction of The Underline, and another $5 million towards Miami Connect, which aims to provide free high-speed internet to certain Miami households.

Griffin’s $32 billion Citadel hedge fund reportedly has plans for an office in Miami.

 

 

 

 

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Anonymous
12 days ago

cool that he donates locally

Anonymous
11 days ago

Wow $5mil… That is pennies for him.

Anonymous
11 days ago

and its 5 mil more then you can donate so clam up

Anonymous
12 days ago

Ken Griffin’s next purchase should be the Miami Dolphins. Please and thank you.

Anonymous
12 days ago

Preach!!!

Anonymous
11 days ago

Ken Griffin is going to inhabit the jail cell that Madoff did.

Anonymous
12 days ago

For those who don’t know he in charge of one of the biggest quant funds in the world, here’s to hoping he brings some offices down to Miami along with these homes…..after all his fund is headquartered in Chicago and if anyone has been watching the news Chicago kind of sucks rn…..

Anonymous
12 days ago

Citadel? Isn’t that the firm that is involved in a lot of these shorts and other financial issues such as dropping bad debt on newly acquired companies, etc?

Anonymous
12 days ago

They were related to the shorts but the “bad debt” stuff is private equity firms, which Citadel is not.

Anonymous
10 days ago

Citadel is the fund that pressured Robinhood into closing purchases of GME through its platform, while only allowing sales, in order to push down the short squeeze happening that was costing Citadel millions.

Market manipulation, fraud, tortuous interference with business relations, and breach of contract all at the highest degree, but the FEC isn’t interested in it.

Anonymous
12 days ago

Bring on Citadel to the magic city!

Anonymous
12 days ago

Miami pride is being excited that another rich person/celebrity has decided to purchase an alternative home in the 305…

Anonymous
12 days ago

all these rich folks love the tamales, garnachas and chuchitos i make. i think this guy will love my empanadas so i will pass by his house and sell him a big box of empanadas.

Anonymous
12 days ago

i need a big tamale

Anonymous
12 days ago

Go for it!

Anonymous
12 days ago

He fucked all the AMC holders 😂😂😂

Anonymous
12 days ago

It was me

Anonymous
12 days ago

The best thing about the house is that they get to look at downtown Miami every single day❤️

Anonymous
12 days ago

and the sunsets like the one in the picture intro to the article!

Anonymous
12 days ago

no, the Biscayne Bay view is.

Anonymous
12 days ago

I think ken Griffin’s next purchases will be Franky Suarez and Ron DeSantis.

Anonymous
12 days ago

Yet, I assume you have no problem with Hollywood and Big Tech liberals spending billions for carpetbaggers in states they have never set foot in, or even flew over for that matter.

Anonymous
12 days ago

Conservatives are such pious people…

Anonymous
12 days ago

With the neighboring lots, likely a teardown and assemblage for an ugly “McModern” this “McMansion” beats any day. Twenty years later, this too will meet the wrecking ball and the lots will be subdivided again.

Anonymous
12 days ago

Not a great investment. Griffin is slippin!

Melo is sigma and chad
12 days ago

It’s a place for him to entertain guest that will generate him more money. It is a great investment.

Anonymous
12 days ago

Cool?! Honestly, who cares.

Melo is sigma and chad
12 days ago

But you read the article and commented

Anonymous
12 days ago

Who cares????
The Underline is a beautiful park and enjoyed by thousands. It is currently in the beginning stages but eventually will go all the way to Dadeland. It will impact a lot of people who will care and enjoy the park.

Anonymous
12 days ago

Whos cares? you realize if he is buy such a huge home he might be looking to moves his company down here. That’ll be over 5,000 high paying jobs and before everyone complains about “what does that do for people in miami” those 5,000 can help create 10,000 lower skilled jobs that could hugely benefit miami.

Anonymous
12 days ago

Citadel is the biggest market manipulating firm out there. We don’t anymore shady people here! The money will come if your from here then you know why. there’s no place in the US like Miami!

Anonymous
12 days ago

Its way more complicated than market manipulation but pretty much they buy and sell stocks but it doesn’t really affect the average investor it’s more of a problem for mutual funds and hedge funds which buy and sell millions worth of stocks at a time.

Anonymous
11 days ago

You are a criminal that is clearly ok with destroying innocent peoples lives for a buck. To claim that “it doesn’t hurt the “average investor”” proves it.

Anonymous
12 days ago

By saying he is considering moving his company down here, what he really means is opening up a tiny office of 100-200 people which will then be filled up by people not from Miami. It’s honestly the same story for these tech and finance companies that we see moving down here — open an additional office with job postings not catered for the locals. Now if a company were to announce an HQ2 rather than another office in Miami, then it’d be a different story.

Anonymous
12 days ago

Let me guess you’re one of the people that has been saying that since the first major out of town office was announced. Guess what there have been like 15-20 100-200 person offices that are opening if not more. This creates lots of local jobs…..not to mention before covid about 90% of new college graduates from Miami left the city, now a greater number will be able to stay. Its unfortunate that people such as yourself complain every time a new office is opened cause it isn’t 100% Miami run.

Anonymous
12 days ago

You cared enough to comment