Calvin Klein selling Hamptons beach house to billionaire Ken Griffin: Report
Hedge fund manager previously bought most expensive home in US
Billionaire Ken Griffin is reportedly picking up another multimillion-dollar home for his portfolio of pricey properties, this time a Hamptons beach house owned by fashion designer Calvin Klein.
Griffin is closing on Klein’s Southampton home for a price that could be as high as $100 million, The Wall Street Journal reported.
The beach house from above. (Credit: Google Maps)
KEN GRIFFIN BUYS $99M PALM BEACH PROPERTY
The property is located on Southampton’s pricey Meadow Lane, where neighbors include numerous Wall Street finance bigwigs and other high-power business leaders. It wasn’t formally on the market, according to the Journal.
Griffin is the hedge fund manager who holds the distinction of paying $238 million for a New York City skyscraper condo that’s the most expensive U.S. home purchase on record. He also owns top-of-the-market homes in London, Chicago, Miami and elsewhere.
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Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. (REUTERS/Lucy Nicholson)
MOST EXPENSIVE HOME IN US HISTORY BOUGHT BY THIS BILLIONAIRE
The home last sold for $28.9 million in 2003, according to Realtor.com.
Klein demolished and rebuilt the home, The New York Times reported in 2013. The home includes sliding glass doors in every room to maximize the indoor-outdoor living potential, an infinity pool and a guest wing connected to the main house by an underground passage, according to the report.
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