Real Estate News

Report: Hedge fund billionaire wants to flip Miami-Dade’s most expensive condo for $73 million

A rendering of the penthouse at Faena House.
A rendering of the penthouse at Faena House. Faena House

Well, that was fast.

Just months after paying $60 million for a Miami Beach penthouse and a unit on the floor below — the most expensive home sale in Miami-Dade County history — hedge fund billionaire Kenneth Griffin has put the condos back on the market, according to a report in the Wall Street Journal.

Asking price? $73 million.

Griffin had originally intended to combine the two units into a 12,500-square-foot duplex after buying them in September. The condos can now be purchased separately. The penthouse is listed at $55 million; the smaller unit, at $18 million.

The apartments are located in Faena House, an 18-story tower at 3301 Collins Ave. built by Argentine developer Alan Faena. The tower is part of a $1 billion arts district in mid-Beach featuring an opulent, newly renovated historic hotel.

Griffin, a South Florida native, runs Chicago-based hedge fund Citadel. His net worth stands at roughly $7.2 billion, according to Forbes.

This story was originally published January 28, 2016 at 10:24 PM with the headline "Report: Hedge fund billionaire wants to flip Miami-Dade’s most expensive condo for $73 million."

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