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