In February, billionaire Ken Griffin purchased Calvin Klein's seven-acre Southampton home for $84 million the year's most expensive deal in the Hamptons. Feb. 22WALTERBORO, S.C. Alex Murdaugh, a once prominent Hampton-based attorney from a well-known politically connected family, is on trial in the deaths of his wife, Maggie, and son, Paul . Meadow Lane in Southampton has been dubbed "Billionaire Lane" thanks to its bevy of ultrawealthy residents. Hampton by Hilton Riga Airport. Dorado, PR 00646, Metro Office Park In early June, I spent an hour or so driving up and down Billionaire Lane. Billionaire Ken Griffin has added another property to his ever-expanding luxury portfolio. The sale shatters the previous price record, which was set in 2014 when hedge-fund manager Barry Rosenstein reportedly shelled out $137 million for a Hamptons estate. Watch live video above Video Evidence: Footage shown to the jury in the Alex Murdaugh double murder trialVideo: Alex Murdaugh's full testimony from his double murder trialMurdaugh Timeline of Evidence: This is what happened the night Paul and Maggie were murdered Update 4:07 p.m.: Court has resumed.Update 3:49 p.m.: Court is taking a short break.Update 3:30 p.m.: Kinsey is now under cross . A Division of NBC Universal. Mr. Griffin was eyeing the property for several years before finally making a deal with Mr. Klein, according to a person familiar with his plans. Calvin Klein quietly sold his Southampton Village oceanfront estate back in March for $84 million. The third-floor master bedroom also has its own balcony with an ocean view, along with walk-in closets, a fireplace and a 60-square-foot tiled bathroom with arched ceiling. The hedge fund founder gave a record-breaking $150 million to Harvard in 2014 and spent a combined $500 million on two works of contemporary art in 2016. Just days before news of his January NYC purchase was announced, news broke of Griffin's $122 million mansion purchase in London. But I was surprised that I couldn't actually see many of the famed million-dollar mansions and that's the whole point. The most expensive single-family home sale in the Hamptons and one of the largest in the US, for that matter is underway, The Post has learned exclusively. According to the Post, the neighbors on Meadow Lane were annoyed at how long construction of the home dragged on, as construction workers congested the narrow street. Foto: "Heidi Gutman/CNBC/NBCU via Getty; Larry Busacca/Getty; Shayanne Gal/Business Insider An 85-year Harvard study found the No. His Hamptons lawyer, Gilbert Flanagan, also did not respond to a request for comment. Crain's says finishing the 35th, 36th, 37th and 38th floors could cost Ken Griffin an extra $25 million on top of the already astonishing purchase price, possibly raising the total cost to over $80 million. The address does come with a storied past. The sale could indicate an improvement in the sluggish Hamptons market, which saw its median sales price fall nearly 9 percent to $906,250 in the fourth quarter of 2019 from the same period of 2018, according to a Miller Samuel market report. $49,900. In 2017, he sold his Miami Beach home for $13.15 million. keystyle mmc corp login; thomson reuters drafting assistant user guide. He was indicted on arson charges, though he was later found mentally incompetent to stand trial. And it's just a 40-minute helicopter ride from Wall Street, per Curbed. According to Bloomberg, the historic mansion is about a half-mile from Buckingham Palace. the most expensive home in the US was a house in East Hampton that was sold for $137m in 2014. Buying a home is the biggest investment most people will ever make, but not all real estate agents are equal. The master bathroom featuring tiling and arched ceilings. As investor Ken Griffin completes the sale of his penthouse in Miami Beach's boutique condo building Faena Housethe property changed hands this month for $35 millionhe is in the process of acquiring property on nearby Star Island, an idyllic and very desirable self-contained neighborhood in Biscayne Bay.. Follow Behind The Hedges onTwitter,InstagramandFacebook. In early June, I drove down the lane to see what it's really like in the billionaire enclave. Jim Griffin has moved again for a directed verdict. The lane runs along a narrow beachfront strip, making it an inherently exclusive stretch of land. Riga, LV-2167, Latvia. The hedge funder, who famously dropped $238 million on a penthouse apartment at 220 Central Park South, is in contract to buy a compound in Southampton that belongs to Calvin Klein, according to the Wall Street Journal. As the steward of this beautiful property, I am proud to leave its legacy to the nextgenerationsof caretakers, she said in a statement. Griffin has been swallowing up South Florida properties for hundreds of millions of dollars in recent years. The deal is yet to close. Unleash your creativity and share your story with us! Billionaire hedge fund manager Ken Griffin bought the seven-acre Meadow Lane property from Calvin Klein in March, also in an off-market deal. Real Estates Fastest Growing Digital Media And Networking Platform. An aerial view of 346 Meadow Lane, a Hamptons beachfront property recently listed for $52 million. Last January, Griffin purchased a Manhattan penthouse on Billionaire's Row for $238 million, setting records in the US. Priezkalni A, Marupes novads. According to The Real Estate Report Inc., 650 Meadow Lane changed hands on March 2.. more You. 9 Walton Street might be Ken Griffin's most recent Chicago purchase, but it's far from his only one. It's made up of large lots occupied by massive mansions, from the traditional Hamptons shingle-style houses to sleek, ultra-modern homes. Published Sat, Oct 17 2020 9:30 AM EDT. Hotel is located at 1.5 km from Riga International Airport. He retired in December 2022. Ken Griffin Adds Calvin Kleins Hamptons Compound to Collection of Luxury Homes [WSJ]. Photo credit: Geir Magnusson (provided by The Corcoran Group), Photo credit: Rise Media (provided by The Corcoran Group). But apart from these workers, I hardly saw any other people on my drive apart from two residents taking a stroll down the street. Delivers the most important property news around the world to your inbox each weekday. SOLD Jun 11, 2021 - See 38 photos - 503 Kaitlin Cir, Griffin, GA 30223 3 bed 2.5 bath 2,100 sqft house $267,500 MLS# 8962960 Last year Mr. Griffin, 51, paid about $238 million for a Manhattan penthouse at 220 Central Park South, setting a price record for the nation. I know what you're thinking: Why is Ken Griffin, a demonstrated collector of the highest-end real estate he can find, slumming it with such a comparatively affordable property purchase? He then spent 30 years and about $45 million building a "minimalist palace," as the Times put it. According to Crain's, the penthouse space includes a private pool, while all of the floors feature high ceilings, panoramic views and outdoor space. The Southampton Press reported that the Meadow Lane sale closed in March at $84 million. Here are the most stunning buys in Griffin's portfolio of notably extravagant properties: If Ken Griffin had bought only the penthouse condominium at No. From Penta:Jeff Bezos $10B Climate Pledge Could Spur Giving, Mr. Klein, 77, paid $28.9 million in 2003 to buy the property from Francesco Galesi, a real-estate executive, according to public records. Thanks for contacting us. Check-out 12 pm. Directions Opens new tab. The property at 3 Carlton Gardens. But thats just the tip of the real estate iceberg. Ken Griffin already owns (at least) 20 very expensive acres of Atlantic Ocean beachfront, in Florida. Guaynabo, PR 00968, courtesy of Jameson Sothebys International Realty; (inset) Getty Images, Courtesy of Jameson Sothebys International Realty. +371 67 102 599. Griffin, who manages nearly $439 billion in client money, plans for an expansion into Asia, motivated by China President Xi Jinping's renewed focus on the economy. Opinions expressed on this site are the author's alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Smith then followed Murdaugh to Old Salkehatchie Road in Hampton County and fired the shot. He's buying Calvin Klein's seven-acre Hamptons compound in an off-market deal, Katherine Clarke and. Billionaire hedge-fund manager Ken Griffin has won the town's approval for an oceanfront mansion he wants to build on part of his massive estate in the South End of Palm Beach But the house. 9 Walton.sourceAndrew Miller Photography, Foto: sourceFelix Mizioznikov/Shutterstock, Foto: Mar-A-Lago.sourceEvan Agostini/Getty Images, Volg Business Insider Nederland op Facebook, Volg Business Insider Nederland op Twitter, Volg Business Insider Nederland op LinkedIn, Volg Business Insider Nederland op Instagram, Sla het menu over en ga direct naar de content van deze pagina, Sla het menu over en ga direct naar zoeken op Business Insider. Algemene voorwaarden | Privacybeleid | Cookie-overzicht| Adverteren | Vacatures. Shares the stories you may have missed from the world of luxury real estate, COPYRIGHT 2023 MANSION GLOBAL. A $68 million Miami penthouse with 2 infinity pools could shatter Florida's real-estate record. Calvin Klein's Hamptons home sells to billionaire investor Ken Griffin for $85M. Citadel Securities is going crypto, sort of. Ken Griffin, the founder of Citadel, now owns a stunning penthouse condominium which overlooks Manhattan's Central Park. The seven-bedroom stucco mansion sits on a roughly 3-acre property that features amenities such as a 35-foot pool and hot tub with views of the ocean, tennis court and detached two-car garage with a studio, according to a listing from The Corcoran Group. But over the years, one particular street has been a magnet for them. When it does, it will add significant value to Griffins already enormous portfolio of luxury properties. While Palm Beachs red-hot real estate market has seen its share of nine-figure transfers, Griffins purchase marks the first time a Miami property has crossed the threshold. This is apparently insufficient, because hes just bought another seven, 1,600 miles to the north. 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