Billionaire Ken Griffin Selling Second Penthouse at Miami Beach’s Faena House

Published: January 5, 2021 | By: American Luxury Staff

Hedge fund wiz Ken Griffin is letting go of his second penthouse unit in one of Miami Beach’s premier luxury condo buildings, Faena House; the property is currently in pending status.

If the sale closes, the investor will have shucked two properties that have been, one imagines, increasingly irrelevant for Griffin in the wake of the gradual development of his $350 million+ Palm Beach estate, which now spans some twenty acres, or his unrivaled 100 million+ Star Island compound.

Griffin acquired his pair of penthouse residence at Faena in 2015, paying $60 million for them. He put them up for sale a few months later for $73 million, and finally sold the larger unit for $35 million about a month ago.

The second penthouse is currently listed at $12.5 million. It features an open-concept great room that follows the curves of Faena’s soft, windswept façade, with floor-to-ceiling glass opening up the space to the city and beach; a large wraparound terrace just outside gives the property a suitably relaxed, warm-weather living style.

Overall, the condo unit features an ethereal interior design scheme of off-white, natural-toned hardwood, and a lack of ornament. The living style emerges from the space of the residence and its setting. The unit spans 4,243 sq. ft., and contains three bedrooms and four baths.

Griffin’s global real estate portfolio includes a $120 million+ London mansion—located near Buckingham Palace—and the crown jewel penthouse of 220 Central Park South in Manhattan, which the investor purchased for $238 million about two years ago. The rest of his holdings are just as overwhelmingly impressive and may be hard to fathom even for the average billionaire, let alone the mere millionaire.

Griffin’s net worth is north of $20 billion. The Florida native is the founder and CEO of investment firm Citadel.

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