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Hedge fund billionaire becomes owner of Florida’s most expensive ever home for a whopping $111M

Hedge fund billionaire becomes owner of Florida’s most expensive ever home after snapping up sprawling beachfront mansion for $111 million – but says the 10-bedroom abode will only be used as a vacation property

  • The 60-year-old founder of New-York based firm Schonfeld Strategic Advisors closed on the six-acre estate, known as La Reverie, on Tuesday
  • Selling for a whopping $111M, Schonfeld bought the home from hair care mogul Sydell Miller, who co-founded Matrix Essentials with her late husband
  • Built in 2011, the 84,626-square-foot estate comes equipped with 10-bedrooms and 22-bathrooms in addition to a bowling alley, salon, spa and ice cream stand
  • Schonfeld’s newest real-estate acquisition bests a previous Florida record set earlier this summer when Terry Allen Kramer’s home sold for $105 million
  • The Schonfeld family will now count fellow billionaires Ken Griffin, Paul Tudor Jones and Steve Schwarzman as neighbours, along with President Trump 

Hedge fund billionaire Steven Schonfeld and his wife Brooke have become the owners of the most expensive property ever sold in Florida after splashing a whopping $111 million on a sprawling Palm Beach mansion.

The 60-year-old founder of New-York based firm Schonfeld Strategic Advisors closed on the six-acre estate, known as La Reverie, on Tuesday, purchasing it from hair-care mogul Sydell Miller, who co-founded Matrix Essentials.

Built in 2011, the 84,626-square-foot estate comes equipped with 10-bedrooms and 22-bathrooms in addition to a bowling alley, salon, spa, ice cream stand and a candy parlor.

Schonfeld’s newest real-estate acquisition has become the state’s most expensive ever home, besting a previous record set earlier this summer by the South Ocean Boulevard home of late Broadway producer Terry Allen Kramer, which sold for $105 million.

The 84,626-square-foot estate, equipped with 10-bedrooms and 22-bathrooms, was built in 2001 by hair-care mogul Sydell Miller, founder of Matrix Essentials, and also includes a bowling alley, salon, spa, ice cream stand and a candy parlor

Steven Schoenfeld (pictured with wife Brooke),founder of New-York based firm Schonfeld Strategic Advisors, closed on the six-acre estate, known as La Reverie, on Tuesday

Steven Schoenfeld (pictured with wife Brooke),founder of New-York based firm Schonfeld Strategic Advisors, closed on the six-acre estate, known as La Reverie, on Tuesday

The Schonfeld family will now be able to count fellow billionaires Ken Griffin, Paul Tudor Jones and Steve Schwarzman as their neighbours, along with President Donald Trump, whose private Mar-a-Lago resort is situated just half-a-mile away.

However, a spokesperson for the family told CNBC that the Schonfelds will only be using the property as a holiday home and have no plans at this time to move permanently from their $90 million estate in Old Westbury, New York.

Also featured in Schonfeld’s staggering real estate portfolio is an apartment on Manhattan’s illustrious Park Avenue and a penthouse in Palm Beach’s Bellaria luxury condo building.

But obtaining the keys to La Reverie gives the Schonfeld’s a foothold in one of the richest enclaves in the country, which is known as Billionaire’s Row. 

The staggering home spans from the ocean to Intracoastal Water way, with 350 feet of beachfront and 233 feet on the waterway. 

The Schoenfeld's purchased the property from hair care mogul Sydell Miller, who co-founded Matrix Essentials with her late husband

Sydell Miller

Schonfeld purchased the property from hair care mogul Sydell Miller (right), who co-founded Matrix Essentials with her late husband

The Schonfeld family will now be able to count fellow billionaires Ken Griffin, Paul Tudor Jones and Steve Schwarzman as their neighbours, along with President Donald Trump, whose private Mar-a-Lago resort (above) is situated just half-a-mile away

The Schonfeld family will now be able to count fellow billionaires Ken Griffin, Paul Tudor Jones and Steve Schwarzman as their neighbours, along with President Donald Trump, whose private Mar-a-Lago resort (above) is situated just half-a-mile away

Having saved some $90 million from the home’s original listing price of $200 million, the Schonfelds aren’t done spending yet either, with a complete redesign and re-decoration of the home’s interior said to be in the works.

The project will be led by Michelle Gerson Interiors and overseen by Brooke Schonfeld.

The deal between Sydell and Schonfeld went into contract in the summer but was finalized on Tuesday morning.

Schonfeld was named 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.

Read more at DailyMail.co.uk


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