Indian Creek mansion sells for record $47 million
In the latest sign that luxury property is hot, especially in South Florida, an estate at 3 Indian Creek fetched $47 million, a Miami-Dade record.
08/07/2012 5:00 AM
08/07/2012 7:43 PM
A spectacular bayfront Indian Creek mansion sold Tuesday for $47 million, marking the highest price paid for a residence in Miami-Dade County history, according to real estate agents.
The new 10-bedroom, 14-bathroom resort-style estate at 3 Indian Creek is nestled on a lot that measures 200 feet by 400 feet — that’s a little less than two acres — facing west to the aquamarine waters of Biscayne Bay. It was constructed along a series of pavilions connected by stone walkways and garden walls.
The original asking price was $60 million, later marked down to $52 million.
The largely glass home, which brings in natural light and integrates the outdoors, features a 100-foot swimming pool and cabana, six wet bars, a rooftop sky bar and Jacuzzi, plus a spa and glass-enclosed waterfront gym at the home, which spans 22,000 square feet of enclosed space. Its beach has pink sand imported from the Bahamas.
There is a 3D theater, a recording studio, a vertical garden and indoor reflecting pools.
The estate is in the gated Village of Indian Creek, a high-security, 300-acre island that has 32 estate homes and a private, 18-hole golf course and country club.
Just to the north of the property lives wealthy Miami auto dealer and civic activist Norman Braman. Several lots south of the property, Miami Dolphins coaching legend Don Shula and his wife Mary Anne have a home. Corporate raider Carl Icahn also has a place there, as does steel executive Leroy Schecter. Julio Iglesias has the most property on the island — five lots, including four side by side.
The sellers were Schlomy Alexander and Felix Cohen, who built the home in the style of a private resort.
The buyer is a Russian who paid cash, but his identity wasn’t disclosed.
“I don’t have the vaguest idea who it is,” said Braman, reached Tuesday while summering in Europe. “We certainly welcome them. It’s nice to have neighbors.’’
The Jills — made up of Jill Eber and Jill Hertzberg of Coldwell Banker Residential Real Estate — were the listing agents for the property.
The Jills power team also recently snared the listing for Casa Casuarina on Miami Beach, the former mansion of Italian fashion designer Gianni Versace, who was slain in front of the property in 1997. Casa Casuarina was turned into a boutique hotel and restaurant, and was recently put on the market at an eye-popping $125 million.
Several other agents had a slice of the action on the Indian Creek sale Tuesday.
Two of the developer’s sons, Tal and Oren Alexander of New York-based Douglas Elliman, worked with The Jills on the sell side. Their firm, The Alexander Group, also represented the buyer.
Oren said he began talking up Indian Creek Village three years ago when his father Schlomy undertook the project to elevate its name recognition, in part by touting some of the famous residents on the island. He said his father plans another luxury project at Indian Creek and a second in Bal Harbour. But the sales prices will be in the $25 million range.
“One of the things we learned in marketing this property: Miami is a fourth, a fifth, a sixth home for many people, so they don’t want to pay so much. $25 million is kind of the sweet spot,” Oren Alexander said.
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