New York billionaire set to buy America’s most expensive mansion for almost $200M

Discussion in 'Luxury and Lifestyle' started by dealmaker, Oct 25, 2019.

  1. dealmaker


    New York billionaire set to buy America’s most expensive mansion for almost $200M
    By Jennifer Gould Keil

    October 24, 2019 | 5:32pm | Updated

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    Steven SchonfeldChad Rachman/New York Post
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    A New York billionaire is in contract to buy America’s most expensive mansion, The Post has learned.

    Hedge funder Steven Schonfeld is in contract to buy an oceanfront Palm Beach, Florida, estate for just under $200 million, say sources close to the deal.

    The home is about a half-mile south of President Donald Trump’s private club, Mar-a-Lago.

    Schonfeld already owns a $90 million mansion in Old Westbury, which has his own personal chef and a private nine-hole golf course.

    The Palm Beach estate, which is on the ocean and the Intracoastal Waterway, is currently owned by philanthropist Sydell Miller, who co-founded Matrix Essentials, a hair and beauty line, with her late husband, Arnold.

    Schonfeld, 60, was the 18th-highest-earning hedge fund manager this year, according to Forbes. He has three children, including a 14-year-old daughter with ex-model Sidra Saucedo.

    The former couple never married but were in an ugly custody battle in which video surfaced of Saucedo inhaling a can of Dust-Off spray. Last year, the New York State Supreme Court in Nassau County awarded Schonfeld sole custody of their daughter.

    When it closes, the deal will shatter Palm Beach’s previous record from this past summer when the estate of the late Broadway producer Terry Allen Kramer sold for $105 million. Both the Kramer estate and the Miller estate are on South Ocean Boulevard.

    Neighbors on South Ocean Boulevard include billionaire Citadel hedge funder Ken Griffin, who owns 17 near-vacant acres at 1290 S. Ocean Blvd.; rock legend Rod Stewart at 1435 S. Ocean Blvd.; hedge funder Paul Tudor Jones II’s home, known as Casa Apava at 1300 S. Ocean Blvd.; Stephen and Christine Schwarzman’s estate at 1768 S. Ocean Blvd.; investor Martin Gruss and Audrey Gruss’ estate at 1574 S. Ocean Blvd.; and businessman Jeff Greene and his wife, Mei Sze’s, property at 1200 S. Ocean Blvd.

    While the Palm Beach mansion would become the most expensive detached house ever sold at nearly $200 million, the most expensive home ever sold is a condo bought by Griffin for $238 million at 220 Central Park South.

    Miller’s oceanfront property sits on 4.3 miles at 1415 South Ocean Blvd. The property comes with 350 feet of oceanfront and around 230 feet of frontage on the Intracoastal.
  2. Overnight


    Circle jerk for the stars.
    ElCubano and dealmaker like this.