The founder of New York-based hedge fund Schonfeld Strategic Advisors closed on the six acre-estate known as La Reverie Tuesday.
Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million.
Schonfeld, the founder of New York-based Schonfeld Strategic Advisors, closed on the six acre-estate known as La Reverie Tuesday, according to a spokesman. La Reverie will instantly give the Schonfeld's one of the top trophy properties in one of the richest enclaves in the country. Built in 2001, the French-style megahome is located on an exclusive stretch of Palm Beach called Billionaire's Row, which starts at Donald Trump's Mar-a-Lago Club and includes the estates of other titans of finance, including Ken Griffin, Paul Tudor Jones and Steve Shwarzman.
The sale is the latest sign of a strong real estate market in Southern Florida, as a growing number of retirees from the Northeast flock to the Sunshine State.
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