NY Mets Owner Steve Cohen Buys $21.6M Palatial Florida Estate

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Steve Cohen, owner of the New York Mets, has a new winter getaway in his real estate portfolio. Photo Credit: AP

By Ellen Cans

Steve Cohen, owner of the New York Mets, has a new winter getaway in his real estate portfolio.

As reported by the NY Post, Cohen, who leads Point72 -a $22 billion hedge fund, and owns 97.2% of the said baseball team, purchased a $21.6 million ultra-luxurious Florida mansion.  The 31,000-square-foot home is situated in an unincorporated area of Palm Beach County, close to Boca Raton and west of Delray Beach.  The closing was on Aug. 9.

The 65-year-old who has an estimated net worth of 16 billion, sold his last Florida property in 2017 for $6.4 million, as per property records.  This newly purchased Palm Beach home makes that property pale in comparison.

The seven bedroom and 11 full-bath waterfront estate is nestled on 2.7 acres of land.  It is part of an exclusive luxury private gated community, known as Stone Creek Ranch.  The home, which was pegged the Rockybrook Estate, boasts an impressive grand foyer with dramatic double staircases, as well as an indoor balcony.  The gourmet chef’s kitchen includes state-of-the-art appliances and dual islands.  One of the islands is complete with seating for six. In addition, the estate also has another kitchen for commercial catering.  Other features of the home include an impressive wine cellar, a club room with a bar, a two-lane bowling alley, a pool table enclave, a cinema-style theater room, a health and beauty salon, and an oversized children’s lounge.

The home has just about everything, in the oversized luxury version, including a formal dining room which comfortably seats 16.  The home also boasts a spa treatment room, gym and sauna, a championship tennis court and a meditation space with views of the tropical garden.  Of course there is an outdoor pool—a 250,000-gallon heated pool with black mosaic glass tile– complete with tropical landscaping, waterfalls and fire pits.  The gated mansion is described as a “world-class design and lifestyle of unrivaled amenities, privacy and security,” as per the real estate listing. Broker Senada Adzem of Douglas Elliman represented the seller, and Gerard Liguori of Premier Estate Properties represented Mr. Cohen. Both agents were unavailable to comment.

Cohen sold his New York City penthouse on East 58th Street in April at a considerable loss. He still has two summer homes in the Hamptons worth a combined $80.5 million.  He also has another West Village residence worth about $38.8 million.  Cohen’s main residence, with an estimated value of $23 million, is located in Greenwich, Connecticut, and boasts 35,000 square feet of space on over 18 plush acres.