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Steven Schonfeld in 2004.
- Hedge fund billionaire Steven Schonfeld and his wife bought an estate in Florida for $111 million.
- According to a report by CNBC, it's the most expensive home ever sold in the state.
- The estate is also one of the most expensive real-estate transactions in the country. It ranked No. 8 on Business Insider's list of the most expensive homes sold in the US over the past decade.
- According to CNBC, the property's amenities include a bowling alley, a spa, an ice cream stand, and a candy parlor.
- Visit Business Insider's homepage for more stories.
In early December, hedge fund billionaire Steven Schonfeld and his wife bought an estate in Florida for $111 million.
The property boasts over 70,000 square feet of living space, 350 feet of beachfront, and 233 feet on the Intracoastal Waterway. According to a report by CNBC, it's the most expensive home ever sold in the state.
The $111 million estate in Palm Beach, Florida.
A spokesperson for the couple told Fox Business that the 11-bedroom, 22-bathroom home went into contract over the summer and will serve as a vacation home for the family; the Schonfelds primarily reside in New York. According to CNBC, the new property's amenities include a bowling alley, a spa, an ice cream stand, and a candy parlor.
The estate sits on a stretch known as the area's Billionaires Row, which is home to a number of ultra-rich people, including hedge-fund managers Paul Tudor Jones and Ken Griffin. In fact, Griffin has accumulated nearly $250 million of real estate on Billionaires Row. His most recent Palm Beach purchase was a $99 million 3.7-acre property located next door to another property he owns.
But Griffin is no stranger in the world of expensive real estate. Earlier this year, he bought a $238 million penthouse in New York City - the most expensive real-estate transaction ever recorded in the US.
The $111 million Florida estate is also among the most expensive real-estate transactions in the country. In fact, it ranked No. 8 on Business Insider's list of the most expensive homes sold in the US over the past decade.
Other homes on the list include the Chartwell Estate in Los Angeles, California, which sold for a jaw-dropping $150 million in 2019, and the Playboy Mansion in Holmby Hills, which sold for $100 million in 2016.