Hedge Fund billionaire Steven Schonfeld has acquired an estate in Florida for $111 million.
According to a report by Business Insider, Steven Schonfeld and his wife bought the property in early December. It is believed to be the most expensive home ever sold in the state.
The property has 11 bedrooms and 22 bathrooms. It reportedly sits on more than 70,000 square feet and boasts of 350 feet of beachfront while amenities include an ice cream stand, bowling alley, a spa, and a candy parlor.
The estate, which went into contract over the summer, is located on a stretch popularly referred to as the area’s Billionaires Row. The stretch is home to fellow hedge fund billionaires such as Paul Tudor Jones and Ken Griffin.
The Schonfelds, who primarily live in New York, plan to use the property as a vacation home.
Steven Schonfeld has a fortune Forbes estimates at $1.3 billion. He is the founder of Schonfeld Strategic Advisors, a multi-manager hedge fund that trades across quantitative, fundamental equity and tactical trading strategies.