Georgia power couple Kelly Loeffler and Jeffrey Sprecher appear to be the mystery buyer of a striking Sea Island property widely reported as the state’s most expensive home sale.
Loeffler, a member of President Donald Trump’s cabinet, and Sprecher, the CEO of financial giant Intercontinental Exchange, are linked to a limited liability corporation that purchased the property this month for $30 million.
Landlion LLC is the listed buyer of the John Portman-designed oceanfront estate, and that LLC shares a registered address and organizer with other entities tied to Loeffler and Sprecher, an Atlanta Journal-Constitution review of public records shows.
Called Entelechy II, the seven-bedroom home was Atlanta architect and developer Portman’s family beach retreat, an architectural playground featuring a reflecting pond and whimsical sculptures.
The buyer of Entelechy II was not initially publicly disclosed. Bloomberg first reported the Loeffler and Sprecher as the buyers, citing unnamed individuals.
Glynn County property records made public in recent days shed light on the new owner — Landlion LLC.
Loeffler is a former Republican U.S. senator from Georgia who Trump nominated as head of the Small Business Administration. Sprecher is founder and chief executive of Intercontinental Exchange Inc., the publicly traded parent company of the New York Stock Exchange.
The couple has a net worth in excess of $1 billion, according to estimates from Forbes.
The entities that share an address with Landlion LLC include Loeffler’s voter outreach group Greater Georgia Action Inc. and the nonprofit Jeff Sprecher and Kelly Loeffler Foundation.
Also linked is an LLC tied to the couple’s 2009 purchase of a Buckhead mansion called Descante.
The registered organizer of Landlion is also listed as a director for Greater Georgia Action and a trustee for the Jeff Sprecher and Kelly Loeffler Foundation, according to 2024 nonprofit federal filings. That organizer is also registered with the state as the manager of Descante I LLC, the entity that purchased the couple’s Tuxedo Road estate for $10.5 million.
In response to an inquiry about the purchase of the Sea Island home, a publicist for Sprecher and Loeffler declined to comment.
A member of the Portman family declined comment.
John Portman, who died in late 2017, shaped much of the downtown Atlanta skyline, from mixed-use development Peachtree Center to some of the city’s largest hotels including the Marriott Marquis and Hyatt Regency. His designs also spread across the globe.
At Sea Island, a private resort next to St. Simons Island, Portman let his creativity flow.
“It was his opportunity to do whatever he wanted and to really express himself in a really playful way,” Portman’s daughter Jana Portman Simmons told The Wall Street Journal in November 2024 when the home was listed for sale for $40 million.
The Portman Foundation sold the Sea Island home, according to property records.
The AJC could not immediately reach for comment two listing agents involved in the sale of Entelechy II.
— AJC staff writer Greg Bluestein contributed to this story.
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