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.
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Image Credit: Realtor.com About twenty miles south of Palm Beach and fifty miles north of Miami, the gated neighborhood has a total of 37 estates. The Cohens’ new 2.5 acre estate, surrounded by water, resembles a downsized Disney resort.
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Image Credit: Realtor.com There’s a six-car garage and block driveway, though classier folks will refer to it as the “motor court.”
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Image Credit: Realtor.com Welcome home! Here are some fountains. And bougainvillea. And classy stone pillars.
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Image Credit: Realtor.com So much marble, along with 32-foot ceilings and a Hollywood-style double staircase.
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Image Credit: Realtor.com In addition to Brobdingnagian wing chairs, there’s also plenty of navy velvet in the double-height living room because nothing says “Florida” like navy velvet.
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Image Credit: Realtor.com The living room walls shimmer and shine with white marble with laser-cut stainless steel inlaid in an arabesque design.
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Image Credit: Realtor.com The wine cellar, which these days in many high-end homes is on display for wine bragging rights, is made of glass and polished steel and designed to create the illusion of wine bottles floating in midair. Who doesn’t want their ’75 Petrus hanging in midair?
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Image Credit: Realtor.com The kitchen features two islands topped with — wait for it — polished white marble.
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Image Credit: Realtor.com Besides this kitchen, there’s a special chef’s kitchen for the help.
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Image Credit: Realtor.com This is what promo materials call a “club room.” It has a bar clad in white marble, of course, a card table and a billiards table; nearby is a specially ventilated cigar room.
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Image Credit: Realtor.com The master suite includes a fire-like chandelier and a massive built-in leather upholstered headboard, which resembles a padded room from a psychiatric center. There’s also a study and a kitchenette, and a balcony and sundeck complete with fireplace and whirlpool bath. The his and the her baths also each have their own balconies.
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Image Credit: Realtor.com “Her” closet features glass shelves and three crystal chandeliers, while “his” is trimmed in manly leather.
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Image Credit: Realtor.com “Her” bath features a fireplace, a spa tub and amethyst accents to break up the expanses of white marble.
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Image Credit: Realtor.com The surround sound system is integrated into the backlit walls in the 20-person movie theatre with its retro-Hollywood theme.
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Image Credit: Realtor.com The children’s wing includes three bedrooms, a couple of lounges, a kitchenette and, just to make sure they always have something to keep them busy, a two-lane bowling alley in the attic.
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Image Credit: Realtor.com The 250,000 gallon pool was inspired by the pool at Wynn Las Vegas, with black mosaic glass waterline tile that probably becomes too hot to touch in the ceaseless south Florida sunshine.
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Image Credit: Realtor.com The palm-strewn pool area is complete with waterfalls, fire pits, a grotto with a rain feature, and a covered pavilion and dining area. A fully equipped summer kitchen makes for at least five kitchens on the property.
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Image Credit: Realtor.com Senada Adzem of Douglas Elliman was the listing agent. Cohen was represented by Gerard Liguori of Premier Estate Properties.