Looks like Steve Cohen can add a $22 million ultra-luxurious Florida estate to his expanding portfolio.
The New York Mets owner now has a warm place to escape to as winter approaches up north in the coming months. On Aug. 9, the hedge funder and 97.2% team owner closed on the sale of a 31,000-square-foot mansion located in an unincorporated area of Palm Beach County near Boca Raton and west of Delray Beach.
The move comes nearly three years after he sold his last Florida property in 2017 for $6.4 million, property records show — a relatively modest home compared to his newly purchased Palm Beach abode.
Background on the buyer: In 2012, Cohen was initially a minor owner of the Mets with an 8% stake. But last year, in an agreement with fellow MLB owners and several negotiations, Cohen won majority control of the team, beating out bids from the likes of Alex Rodriguez, who was reportedly angry at losing out on the deal.
The former Yankee blamed J.P. Morgan and loudly griped that the process had been rigged.
“I don’t think it ended well with JPM,” one source previously told The Post, noting that J.P. Morgan “did everything for A-Rod in the Mets deal,” and that the bank didn’t appreciate being blamed for losing the MLB team to Cohen.
In January, Cohen found himself involved in the infamous GameStop controversy.
Point72, his $19 billion hedge fund, saw significant losses due to its investment in Melvin Capital. Melvin was nearly wiped out when it placed a large bet against the video game retailer after amateur traders on the WallStreetBets subreddit recognized that — because hedge funds like Melvin had so heavily “shorted” GameStop and other stocks — they were vulnerable to any kind of run on the stock.
After receiving backlash on social media from the fallout, Cohen temporarily deactivated his social media accounts — but it appears the GameStop frenzy was short-lived, and Cohen bounced back fairly quickly. And what better way to rebound than with a mega-mansion in the Sunshine State?
Senada Adzem of Douglas Elliman represented the seller and Gerard Liguori of Premier Estate Properties represented Cohen. Both agents were unavailable for comment.
Pegged as the Rockybrook Estate, the gated mansion is described as a “world-class design and lifestyle of unrivaled amenities, privacy and security,” according to the listing.
Made up of seven bedrooms and 11 full baths, the architectural marvel is an ode to both modern classicism and throwback glamour. The property captures family-friendly flourishes that double as entertainment spaces.
Unique amenities include a club room with a bar, card table and billiards table; a cigar room; a cinema-style theater room and even a two-lane bowling alley in a massive children’s lounge.
Rockybrook also sports health and beauty areas, including a spa treatment room, salon, gym and sauna, a championship tennis court and a meditation space overlooking the tropical garden.
Upon entry is a grand foyer with a custom-designed open-arms staircase. A long hallway off the foyer eventually leads to a gourmet Downsview kitchen with state-of-the-art appliances; a striking double-column, stainless-steel range hood; and a separate island counter with seating for six and oversized lighting.
Rockybrook also boasts a separate commercial catering kitchen.
Upstairs, the primary en-suite bedroom has its own separate wing, including a study lounge and kitchenette. The main balcony of the suite features a fireplace, whirlpool bath and deck, all overlooking the property’s lush 2.5 acres and outdoor spaces.
The two primary bathrooms boast master baths which feature amethyst and a center bathtub with a hanging crystal chandelier. Both bathrooms have their own balconies.
One of the more eye-catching amenities is the 250,000-gallon heated pool with black mosaic glass tile and a black Pebble Tec finish. The landscaped pool area is complete with waterfalls, fire pits, a covered pavilion and dining area, a grotto with a rain feature and a fully equipped summer kitchen.
The residence is also designed with hurricane-resistant windows, doors and exterior construction. In addition, it comes with a Crestron smart home system and security cameras.
The Real Deal was the first to report the transaction.
In April, Cohen sold his New York City penthouse on East 58th Street after eight years on the market and a 74% price drop.
In 2019, he sold his West 12th Street triplex for $30 million after only a month on the market.
But that still leaves him with two summer Hamptons homes worth a combined $80.5 million, as well as another West Village residence worth $38.8 million.
His main residence, worth an estimated $23 million, is located in Greenwich, Connecticut, and spans a massive 35,000 square feet with 18-plus acres.