The multi-billionaire hedge fund magnate Ken Griffin, who founded the Chicago-based Citadel Securities, has expanded his Star Island assemblage with the acquisition of 10 Star Island for $25 million. In August 2020 an entity tied to Ken Griffin acquired the adjacent double lot with Miami Vice views of Downtown Miami at 11 and 12 Star Island Drive in an off-market deal for roughly $37 million.
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Star Island Heats Up As Alex Rodriguez, Jennifer Lopez and Ken Griffin Acquire Multimillion-Dollar Properties
Ultra-luxury real estate on Star Island is heating up amid the COVID-19 pandemic. Celebrity power couple Alex Rodriguez and Jennifer Lopez have acquired 13 Star Island Drive for $32.5 million and Ken Griffin, the billionaire hedge-fund manager and founder of the Chicago-based Citadel Securities, has acquired 11 and 12 Star Island Drive for $37 million.
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Star Island Spec Mansion Sells For $49.5 Million In Off-Market Deal
22 Star Island has sold for $49.5 million in an off-market deal after making waves through the Miami real estate community with its whisper price of $65 million. The buyer has requested to remain unnamed. The 17,000 SF spec mansion sits on the northern tip of Miami Beach’s Star Island, an exclusive enclave off of MacArthur Causeway on Biscayne Bay.
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Shay Kostiner Sells 44 Star Island Lot For $10 Million
Shay Kostiner, managing director of Fifth Avenue Capital Partners, has sold his vacant lot at 44 Star Island for $10 million to Hartstone Investments. Techrin Hijazi of Brown Harris Stevens, who had previously co-listed the property, represented the buyer and seller in the transaction.
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Emilio & Gloria Estefan List Their 1 Star Island Guest Estate For $32 Million
Famed Musician and Producer Partners Emilio and Gloria Estefan have listed 1 Star Island Drive, a coveted Miami Beach estate located on the prestigious Star Island. Priced at $32 million and listed with RelatedISG International Realty, the sprawling residence sits atop 58,332 SF of prime waterfront land.
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46 Star Island, Previously The Most Expensive Home For Sale In Miami and Originally Built By Carl Fisher, Drops Price To $48 Million
The legendary cul-du-sac, located at 46 Star Island, which was originally built by the "founder" of Miami Beach Carl Fisher, has dropped its price from a city high $65 million to $48 million. The mansion also previously listed via auction without reserve on January 31 with Concierge Auctions in December but did not sell.
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Lennar Executive Chairman Stuart Miller Expands Star Island Holdings After Acquiring Thomas Kramer's Former Estate 5 Star Island For $33 Million
Lennar Executive Chairman Stuart Miller has acquired Thomas Kramer's former 4 and 5 Star Island Drive for $33 million. The 1.84-acre property is adjacent to two other lots that Miller owns on the exclusive island, 6 and 7 Star Island Drive.
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Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer, Now Listed For $40 Million
The infamous 5 Star Island sits on the globally recognized Star Island, one of the most prestigious private islands in Miami Beach with residents like Stuart Miller, Phillip and Patricia Frost, and Gloria and Emilio Estefan.
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$65 Million Star Island Mansion Originally Built By Carl Fisher Heads To Auction January 31
The $65 million Star Island mansion that was previously held the title of being the most expensive property for sale in Miami will be heading to auction without reserve on January 31 after a month long marketing period. The auction will be conducted by Concierge Auctions in cooperation with listing agents Alexa Iacovelli and Mirce Curkoski of ONE Sotheby's International Realty.
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Thomas Kramer Loses 5 Star Island in Court Ordered Auction for $40 Million
Verena von Mitschke-Collande and Claudia Miller-Otto have won 4 and 5 Star Island from Thomas Kramer via court-ordered auction. Kramer played an integral role in the redevelopment of South Beach including Portofino Tower before he lost a $90 million settlement in Swiss Courts in 2003 in a legal battle that has continued to play out for decades. 5 Star Island is an elaborate party mansion that spans 13 bedrooms, 12 full bathrooms over the entire 2 acre property. The main house is a 3 bedroom 4 bathroom party manse with stripper poles on the dining room table, 10,000 bottle wine cellar, exotic and eccentric design throughout, gym, 8 car garage, separate private office space, views of the Miami Skyline, party ready pool, 200' of waterfront docking for a yacht, and is rumored to have even have a missile silo built in. In recent years 5 Star Island has been used for a number of business ventures including events and for rent offered by Douglas Elliman.
Photos via Douglas Elliman