Miami’s nine-figure real estate race is heating up again.

A sprawling bayfront estate next to billionaire Ken Griffin’s Coconut Grove compound has just hit the market for $110 million—a price that would have seemed implausible for the leafy enclave only a few years ago. The property is listed with Berkshire Hathaway HomeServices EWM Realty senior vice president Ashley Cusack, the same broker who represented Griffin in his 2022 purchase of the neighboring Adrienne Arsht Estate, which closed for roughly $107 million and became Miami-Dade County’s first nine-figure residential deal. Now, the latest listing is poised to test just how far Miami’s ultra-luxury market can stretch.

Perched atop Silver Bluff, a natural limestone ridge that ranks among the highest elevations along the shoreline, the estate covers 1.61 acres and offers over 170 feet of direct Biscayne Bay frontage. From the extended private dock, the property affords unobstructed bay views toward downtown Miami. It is also a stone’s throw from Vizcaya Museum and Gardens, Key Biscayne, Miami Beach, and the airport.

RELATED: Could This $200 Million Mansion on Miami’s Billionaire Bunker Be Mark Zuckerberg’s Real Target?

Built in 1920, the storied three-story residence spans about 5,700 square feet with seven bedrooms and five baths. According to the WSJ, the abode has been carefully maintained by its longtime owners, Howard James Nunes and Karen Romfh Nunes, whose family has deep ties to Miami history. (Karen’s grandfather, Edward C. Romfh, served as the city’s mayor in the late 1920s.) Property records show the couple purchased the home in 2012 for $6.58 million from Karen’s mother, Emily Romfh.

Still, the real draw is not the house; it’s the land. Large, uninterrupted bayfront parcels along Brickell Avenue—named for early Miami pioneers William and Mary Brickell—rarely trade hands, and many buyers today see properties like this as future compound sites rather than preservation projects.

RELATED: This $115 Million Miami Spread Is a Tropical Oasis With Multiple Pools and a Private Marina

Griffin may also be interested in snapping up the pad. The Citadel founder has a well-documented habit of buying the house next door, steadily assembling adjacent parcels into larger private compounds—most notably through more than $400 million in acquisitions that coalesced into a sprawling oceanfront estate in Palm Beach. Across South Florida, his holdings now stretch from Coconut Grove to Star Island, reflecting a long-term bet on the region as both a financial and lifestyle capital.

That approach mirrors Griffin’s broader real estate strategy, which favors scale achieved through patience and proximity rather than one-off trophy purchases. His $1.5 billion property portfolio spans a record-setting penthouse in New York City, as well as residences in Hawaii, Aspen, London, the Hamptons, and Saint-Tropez—many of which expanded over time through neighboring acquisitions that quietly transform individual homes into sprawling enclaves.

Click here to see more photos of this Miami home.