Billionaire Ken Griffin Acquires Miami Beach Star Island From Alex Rodriguez For $45.5M

Alex Rodriguez, the former Yankee, has sold a property on Miami Beach's Star Island to billionaire Ken Griffin for a whopping $45.5 million. This transaction comes after Griffin had previously sold the same property to Rodriguez for $18.5 million in a land swap deal. With this sale, Griffin now expands his Star Island holdings to nearly 6.5 acres, establishing himself as one of the largest property owners on the island. The property, located at 14 Star Island Drive, is a single-family home sitting on 0.92 acres.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $45,500,000
• Address: 14 Star Island Drive
• Market: Miami Beach
• Asset Type: Single Family
• Acreage: 0.92

Ken Griffin, the founder of Citadel, acted as the buyer in this high-profile sale. On the other side, Alex Rodriguez, through his company A-Rod Corp, played the role of the seller. The successful negotiation of this deal was facilitated by the brokers Jill Hertzberg and Jill Eber of The Jills Zeder Group, as well as Arlene Susy Dunand of Coldwell Banker and Ryan Mendell of Maxwelle Real Estate, who represented both the buyer and the seller.