The hedge-fund manager’s 50,000-square-foot Palm Beach mansion will be worth a whopping $1 billion when complete.
Forget Aspen. Buyers Are Avoiding Crowds and Snapping Up Luxury Homes in Boulder Instead. for a New York City penthouse, the most anyone in the country has ever paid for a piece of residential property. Now, inEllen DeGeneres Puts Palatial Montecito Estate up for Grabs at $46 MillionThe billionaire hedge fund manager’s new house will be situated on one of Palm Beach’s largest private waterfront sites.
The beachfront spread on Blossom Way, which was approved by the Architectural Board in 2022, will occupy roughly eight of the 25 acres and comprise a massive swimming pool, a main residence, and a guest house. Initially, the abode will be used by Griffin’s family, including his mother. However, the financier has future plans to use the entire property as his retirement home, sources told the newspaper.
In the years to come, the hedge fund titan is expected to shell out an additional $150 million on building out his Palm Beach outpost.
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