Media & Advertising

Hedge fund ‘vampire’ sinks his teeth into $19M Miami home

Heath Freeman, known as the young hedge fund “vampire” who bleeds newspapers dry, continues his real-estate acquisitions roll.

After buying East Hampton Point, a resort, for around $20 million earlier this spring, Freeman — the head of Alden Global Capital — has just bought a $19 million waterfront home in Coconut Grove, Fla., The Post can reveal.

The massive, nearly 14,000-square-foot estate stands at 3503 Main Lodge Drive.

It is one of 18 homes in the Camp Biscayne gated community and boasts nearly 100 feet of private beach and a dock — as well as a pool, a movie theater with 12 seats and a garage for eight cars.

The gates may be helpful, as there have been protests outside his Hamptons property and Midtown offices, the Washington Post reported.

The Coconut Grove mansion is an expansive 14,000 square feet.
The home's movie theater.
The home has a movie theater with a dozen seats.
The kitchen inside the home.
The CEO is island hopping to this fancy new kitchen.
The mansion's pool at night.
Just because your new mansion is waterfront, doesn’t mean it can’t have a pool, too.
A game room is pictured with a motorcycle and pool table.
The game room sports a motorcycle and pool table.

The villa comes with six bedrooms, six bathrooms and two half-bathrooms. There is speculation that Freeman bought it as a $19 million teardown.

He did not immediately return The Post’s requests for comment.

Freeman is now one of the nation’s largest newspaper operators, with holdings that include the New York Daily News, the Boston Herald, the Los Angeles Daily News, the Denver Post and the San Jose Mercury News.

He has been vilified for his slash-and-burn policy of deeply cutting staff and salaries and shutting down offices but he has said he wants to be known as the savior of local news, buying papers “left for dead.”

Listing broker Toni Schrager, of Brown Harris Stevens, declined comment.


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