Steven A. Cohen, the $1.2-billion-SEC-insider-trading-fine-paying, $150-million-Picasso-purchasing, Mets-team-owning hedge funder also boasts quite the property portfolio. Just this month the billionaire, whose net worth comes in at about $16 billion, closed on a giant mansion in the swanky Stone Creek Ranch subdivision in Florida’s Delray Beach, a 31,000-square-foot, seven-bedroom estate that went for $21.6 million. But first, a quick recap of Cohen’s vast real estate holdings.
Cohen and wife Alexandra make their primary home in Greenwich, Conn., almost on the New York border. With Jeff Koons and Richard Serra sculptures sprinkled throughout the manicured gardens, the estate’s 35,000-square-foot house boasts its own ice rink. It was purchased in 1998 for $14.8 million. They also maintain a home on the West Coast, where they preside over a 13,000-square-foot Beverly Hills mansion with nine bedrooms and 13 bathrooms. Once owned by actor Glenn Ford, the Cohens picked it up in 2015 for $34.5 million.
In New York City, where earlier this year they sold a huge condo at One Beacon Court for $30.5 million, a fraction of the initial $115 million asking price, the couple paid $38.8 million in 2012 for a pair of Greenwich Village properties they tore down and are in the process of replacing with a 20,000-square-foot mansion and an adjoining six-story multi-family townhouse specifically designed for the Cohens’ children. And, after they paid $62.5 million in 2013 for a house on East Hampton’s posh Further Lane, the Cohens tore it down and replaced it with a brand-new house of 24,000 square feet.
The Cohens have also long owned another property in Stone Creek Ranch, an eight-bedroom and ten-and-a-half-bath house bought in late 2005 for $8.5 million. But with seven children, the Cohens must have felt cramped in just 14,000 square feet.
In all, that’s 116,000 square feet of space, or about two and a half football fields. Now, let’s explore the Cohens’ lavish new Florida digs.