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.