At $50 million, this Indian Creek estate is now Miami’s most expensive residence ever.The Alexander Team/Douglas Elliman
Fifty million dollars can buy you just about anything—even a broken record. In Miami, it just bought the most expensive single-family home in the city’s history.
The home spans 80,000 square feet.The Alexander Team/Douglas Elliman
The $50 million off-market sale to an undisclosed buyer just closed at Indian Creek, a barrier island that lures A-listers and billionaires like investors Carl Icahn and Eddie Lampert, supermodel Adriana Lima, Hall of Fame former Miami Dolphins coach Don Shula, and crooner Julio Iglesias (who owns five lots on the island).
The property spans 2 acres adjacent to a golf course.The Alexander Team/Douglas Elliman
Tal Alexander and Oren Alexander of The Alexander Team at Douglas Elliman brokered the deal for the über private 2-acre property, which previously sold for $47 million in 2012 (then a Miami-Dade County record), reportedly to a Russian buyer who paid cash. Ralph Arias of ONE Sotheby’s International Realty represented the private buyer, who until further notice, I’ll nickname “Money Bags.”
The home features tropical elements like waterfalls, palm trees and indoor reflecting pools.The Alexander Team/Douglas Elliman
The 80,000-square-foot Indian Creek estate was developed by the Alexander power brokers’ father Shlomy Alexander of Alexander Group Construction, which built this private-resort-style residence boasting 10 bedrooms, 14 bathrooms, a 3D movie theater, recording studio, vertical garden and indoor reflecting pools.
Waterfalls and gardens add to the home’s unique appeal.The Alexander Team/Douglas Elliman
The Biscayne Bay-facing glass estate opens to the outdoors, beautified by a wood-and-stone façade, natural sunlight, a 100-foot swimming pool, cabana, six wet bars, outdoor pavilions, stone walking paths, garden walls, soaring palms, and a private beach of pink sand imported from the Bahamas.
The Indian Creeks estate has 100-foot pool, 3D theater, recording studio and a boat slip.The Alexander Team/Douglas Elliman
Located at 3 Indian Creek Island Road, the ultra modern residence is adjacent to a golf course—featuring a rooftop sky bar, Jacuzzi, spa, glass-encased waterfront gym, an outdoor barbecue, and a convenient boat slip. The home is framed by soaring ceilings, open courtyards, tropical trees, and soothing waterfalls.
The Indian Creek closing piggybacks The Alexander Team’s record-shattering sales for New York’s 220 Central Park South penthouse (sold to hedge fund billionaire Ken Griffin for a USA-record $238 million) and London’s 3 Carlton Gardens townhouse (also sold to Griffin for $122 million), reportedly the most expensive property sold in that city in a decade.
Based on these connections, could Indian Creek’s “Moneybags” be Griffin as well? The CEO of hedge fund Citadel is in the midst of an unprecedented real estate shopping spree, including a $280 million Palm Beach, Fla. mansion, and a $60 million apartment in Chicago. So its as good a guess as any. Then again, so is real estate window shopper DJ Khaled.