Is Ken Griffin the unidentified mystery buyer behind the lavish former Terry Allen Kramer Estate, located at 1925 S Ocean Blvd. which traded in July 2019 for $105 million? The transaction was closed under the limited liability company Weimo LLC and following the debacle in regards to the outing of his Faena penthouse purchase, Griffin is known to be extremely strict about secrecy with the brokerages involved in his real estate transactions. The property is located immediately south of Griffin’s $350+ million spread where he has an estate located at 1290 S. Ocean Blvd. and has spent nearly 10 years assembling the land around it. The assemblage is located on Billionaires Row and roughly one quarter mile south of President Donald Trump’s Mar-A-Lago club and estate. Griffin has demolished most of the homes on the properties he has purchased but still has two homes on the site he uses when he is in Palm Beach.
Griffin first entered the Palm Beach market in 2012 when he purchased a four property, 6.5 acre Blossom Way assemblage for $130 million. In July 2015 he expanded his holdings with the $15.2 million purchase of 70 Blossom Way and in 2016 received approval from the town to build a 33,500 SF single story tropical beach house complete with a 22,300 SF service basement, 2 pools and 875’ of beachfront. The plans were scrapped and Griffin continued to expand his assemblage with the purchase of the 4.18 acre 1290 S. Ocean Blvd. in January 2017 for $85 million. Griffin would scrap construction again in early 2018 after contractors bids came in too high and the buying would continue with the purchase of 10 Blossom Way for $20.25 million adding yet another 2 acres to his assemblage. In September 2019, soon after the closing of 1925 S. Ocean Blvd, Griffin added 60 Blossom Way, 3.6 more acres for $99 million.
On Palm Beach Island about 60 property owners pay $500,000+ of taxes on their properties annually. Griffin has a 2019 Palm Beach property tax bill of $5.36 million and 1925 S. Ocean Blvd. carries a $870,414 bill for 2019.