Jan. 28--Billionaire hedge fund manager Ken Griffin continues to play musical homes.
The Citadel founder, who has bought and sold several properties in recent years, has listed his two customized Miami Beach condos for a total of $73 million.
The Wall Street Journal reported Thursday that Griffin, worth about $7.1 billion and Illinois' richest man, recently put the condos in Miami Beach's ultra-chic Faena House on the market separately.
The first, which is a penthouse on the top floor of the building and encompasses about 8,270 square feet, is listed for $55 million. It also has a roughly 2,720-square-foot roof deck with a pool and a wraparound terrace that is 7,300 square feet.
The second condo, which was listed for $18 million, is directly under the penthouse and measures about 4,240 square feet. Griffin went into contract on the condos in 2014 before they were completed, and the developers, Alan Faena of Faena Group and Len Blavatnik, customized the condos for Griffin.
Griffin has spent about $300 million on real estate in recent years. Properties he has bought and sold include the reported $200 million he paid for three floors of a New York condo building and $17 million for a beachfront home in Hawaii. In December, Griffin sold one of his two full-floor condominium units in the Waldorf Astoria for $16 million, the same price he paid in 2014.
Last fall, in an interview not long after his divorce settlement with his wife of 12 years, Anne Dias, Griffin said that his buying and selling of homes had an element of consumption.
"I think that one must keep that in mind, that when people make a decision to buy a piece of high-end real estate, it's not just an investment. It's where they spend time with their family and their loved ones," he said in a rare TV interview with CNBC.
He also said he'd rather own oceanfront property in Miami over gold.
"Personally, I would much rather be in Miami. We only live once. The gold is going to sit in a safe, and what's that going to do for you?"
Griffin still owns a 9.3-acre oceanfront estate in Palm Beach, Fla., that was socked with a $2 million tax bill last year.
crshropshire@tribpub.com
