Hedge Funder Ed Lampert Is Shelling Out $40 Million For This Massive Property On A Private Island In Florida

This house was never on the market, that’s how exclusive this deal is.

According to the Wall Street Journal, the chairman of Sears and CEO of ESL Investments, just bought a $40 million property on an island off the coast of Florida’s Biscayne Bay. There are only 33 other homes on the island, and this one will break Florida’s record for most expensive single family home.

The sellers, Paul and Trudy Cejas held the property in a trust, but since Cejas is moving to Belgium to become the ambassador, they decided to sell.

The 17,000 square foot property boasts a reflecting pool and an “arrival court.” It sits on 2.7 acres of land.

Check out the WSJ’s full coverage below:

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