An land on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami scope, according to people familiar with the deal.
The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the period, that marked a record for the most expensive home ever sold in Miami-Dade County. So with the current selling, the home will have set the Miami record twice.
The sale comes as the real estate market in South Florida has annoyed off to a strong start for the year, helped in part by the new tax law that makes it more attractive to live in low-tax states.
The fames of the buyer and seller of the Indian Creek property weren’t disclosed. The buyer of the property in 2012 was an LLC, and was purchased by a Russian businessman, according to telecast reports.
The ultra-modern home stretches over 20,000 square feet on 2 acres overlooking Biscayne Bay. It has 10 bedrooms, 14 bathrooms, a 3,000-square-foot grasp suite, rooftop lawn, chromotherapy spa, a 3D movie theater and two kitchens. It also has a 100-foot swimming pool.
The bargain proceedings was brokered by Tal Alexander and Oren Alexander of Douglas Elliman.
The question of whether the sale will officially be the most high-priced ever in Miami will remain a source of debate. Ken Griffin, the Chicago-based hedge-fund manager, bought two apartments — a penthouse and element below — in the Faena House in 2016 for $60 million. But that sale was for a condo, and the Indian Creek home is a report for a single-family home.
The Alexanders represented the seller, and Ralph Arias of ONE Sotheby’s represented the buyer.
Griffin never fused the two units, and they are now for sale.