Miami Becomes Home to Four of the World’s Wealthiest Individuals

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Miami Becomes Home to Four of the World’s Wealthiest Individuals

Miami has solidified its status as a global wealth hub, with four of the world’s richest figures, Larry Page, Sergey Brin, Jeff Bezos, and Mark Zuckerberg, all owning high-profile waterfront properties in the area.

The most notable move is Zuckerberg’s record-setting purchase in Indian Creek, where he acquired a roughly $170 million estate in the ultra-exclusive enclave often called the “Billionaire Bunker.” Bezos, meanwhile, has expanded his holdings on Indian Creek with multiple acquisitions, while  Continue Reading →

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Mark Zuckerberg Sets Miami-Dade Record

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Mark Zuckerberg Sets Miami-Dade Record

Mark Zuckerberg and Priscilla Chan have closed on a $170 million estate on Indian Creek Island, setting a new record for Miami-Dade County. The under-construction home at 7 Indian Creek Island Road sits on roughly 2 acres (over 8,000 sqm) and was purchased from cosmetic surgeon Aaron Rollins.

The future residence will span about 30,000 square feet (approx. 2,790 sqm), featuring nine bedrooms, a gym, hair salon, and a 1,500-gallon aquarium.

The deal highlights the continued  Continue Reading →

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$520M Brickell Bay Drive deal sets Florida land record

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$520M Brickell Bay Drive deal sets Florida land record

A 4.25-acre waterfront assemblage on Brickell Bay Drive has traded for $520 million, marking the largest single land acquisition ever in Florida. The site, at 1001 and 1111 Brickell Bay Drive, offers 485 feet of uninterrupted Biscayne Bay frontage and is the last developable parcel of this scale in Brickell’s financial district.

The purchase was made by a joint venture between Oak Row Equities, OKO Group, and Mariposa Real Estate, with TYKO Capital as senior lender.

The project is expected to set a new benchmark for ultra-luxury living and ...

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Developer Sells Star Island Estate for Record $120M

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Developer Sells Star Island Estate for Record $120M

Billionaire developer Vlad Doronin has sold his waterfront estate on Miami Beach’s exclusive Star Island for $120 million, setting a new record for the most expensive home sale in Miami-Dade County.

The 2.5-acre property at 26 Star Island Drive was purchased by Constellation Drive LLC, a Delaware entity led by businessman Michael Ferro. Doronin, through his company Garden Islands International LLC, originally acquired the estate in 2009 for $16 million from retired basketball star Shaquille O’Neal.

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Miami Leads the U.S. Luxury Real Estate Market with Record-Breaking Sales

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Miami Leads the U.S. Luxury Real Estate Market with Record-Breaking Sales

South Florida continues to dominate the U.S. luxury real estate market, with Miami claiming the nation’s three most expensive home sales in February 2024, according to a Redfin report. Despite rising insurance costs and the looming threats of climate change, the region remains a top destination for the ultra-wealthy.

The priciest sale in February was a $49 million estate in Manalapan, a wealthy enclave south of Palm Beach. Palm Beach County secured four of the top ten ...

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