Jeff Bezos purchases a third mansion on exclusive Miami island, sparking envy among other elites
The titan behind Amazon is further solidifying his grip on a coveted luxurious island with the purchase of a third mansion, where he may now build a mega compound.
Jeff Bezos, the titan behind Amazon, is further solidifying his grip on the coveted Indian Creek island with the purchase of a third mansion.
The transaction, which took place in off market, was reportedly for a staggering price of around $136.7m (US$90m), according to Bloomberg, making it another feather in Bezos’ real estate cap.
Sources revealed to The Post that Bezos intends to take up residence in this new acquisition, while orchestrating the demolition of his two previous island properties, which he has spent more than $232m acquiring.
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Furthermore, Bezos is reportedly going to raze the structures on those previous two lots and build a custom megamansion, with his latest purchase being a place to live while construction is underway, according to Realtor.
This bold move isn’t sitting well with some of the island’s affluent inhabitants, who were eyeing their own piece of the exclusive enclave.
“This is the hottest spot in the country right now. If there is one thing wealthy elites want, it is a slice of exclusivity,” an insider told The Post.
“Property on the island is already scarce, so there is no doubt that Bezos making off-market deals will rile up a few who have been eyeing homes there.”
The exclusive 300-acre island only holds 41 residential homes and the Indian Creek Country Club.
Representatives for Bezos declined to provide any comments on the matter.
Records indicate that the property last changed hands in 1998 for a mere US$2.5m, showcasing the astronomical rise in its value over the years.
Bezos’ latest foray into the Miami real estate scene comes hot on the heels of his decision to relocate from the Seattle region to the Sunshine State.
And with a net worth of $203.7 billion, according to the Bloomberg Billionaires Index, Bezos is no stranger to luxury living.
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His previous acquisitions on Indian Creek, totalling a jaw-dropping $232m (US$147m), firmly established him among the island’s elite citizens.
With addresses of 11 Indian Creek Island Rd, 12 Indian Creek Island Rd, and his latest acquisition at 28 Indian Creek Island Road, the price currently invested in the area alone now stands at a whopping $360m (US$237m).
Indian Creek, often referred to as the “Billionaire Bunker,” boasts a number of distinguished residents, including power couples Jared Kushner and Ivanka Trump, football icon Tom Brady, and renowned investor Carl Icahn.
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Originally published as Jeff Bezos purchases a third mansion on exclusive Miami island, sparking envy among other elites