Barely seven months after it first popped up for sale with an eye-popping $150 million ask, a lavish South Florida compound owned by businesswoman and philanthropist Adrienne Arsht has sold for $106.9 million — by far a record for the priciest single-family residential transaction in Miami-Dade County, eclipsing billionaire hedge funder Ken Griffin’s purchase of a Star Island mansion in December 2021 for $75 million.
Records reveal the new owner is — wait for it — Ken Griffin, who has broken the record he set less than a year ago. Griffin is the founder and CEO of the global alternative investment firm Citadel, and is widely reported to have a net worth that tops $26 billion.
Per The Real Deal, who first announced the transaction, Griffin has spent more than $350 million assembling residential land in Palm Beach, where Citadel is opening an office, and purchased multiple waterfront properties on Star Island and in Coral Gables. This year, his firm has also spent hundreds of millions of dollars on commercial real estate in the Brickell financial district, which is just south of the Arsht Estate.
Griffin also owns the most expensive U.S. home ever sold, a $238 million New York City penthouse.
Originally purchased for a total of $16 million by Arsht — a former attorney and banking executive widely recognized for her $30 million contribution to Miami’s arts center, which was renamed the Adrienne Arsht Center for the Performing Arts — the Arsht Estate spans four full acres in the exclusive Coconut Grove enclave of Miami, adjacent to the Vizcaya Museum & Gardens.
Several structures include a pair of two-story homes known as Indian Spring and Villa Serena, plus ancillary buildings — for a total of over 25,000 square feet of living space with 12 bedrooms and 17 baths, all of it resting on over 400 feet of waterfront footage offering up sweeping views of the bay, Key Biscayne and downtown Miami.
As for the primary Indian Spring residence, that…
