Bezos’ Miami neighbour seeks $271 million for empty lot
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The empty land in 9 Indian Creek Island Road, with an asking price of $271.4 million, was purchased for $37.3 million in 2018 by a Delaware company.
PHOTO: GOOGLE MAPS
MIAMI, Florida – A mystery seller is asking US$200 million (S$271.4 million) for an empty waterfront lot next door to the properties Amazon founder Jeff Bezos bought in South Florida.
The 0.74ha lot is located at Indian Creek, a man-made barrier island that has been dubbed “Billionaire Bunker”. Mr Ilya Reznik, who is brokering the transaction, declined to identify the seller but said the person is “willing to negotiate” on price. “I’ve already had a couple of showings and obviously, the buyer is going to be a billionaire,” Mr Reznik said.
Even if the land ultimately fails to sell for US$200 million, Mr Reznik believes it will still set a record for the region. That is in part because of the Amazon founder, who has bought three properties in Indian Creek since 2023, including two next door to the lot that is now for sale. Mr Bezos is expected to tear down those two properties and replace them with custom builds.
Mr Bezos had paid roughly US$87 million for his third purchase earlier in 2024.
“I think US$200 million is a big number but I’m confident that in the end, the buyer will pay a little extra because Bezos is a neighbour,” Mr Reznik said. “Those prices just didn’t exist before he came to Indian Creek.”
The empty land in 9 Indian Creek Island Road was purchased for US$27.5 million in 2018 by SMM Sunny Holding, a Delaware company, records show. Mr Reznik said the current owner drew pre-designs for a 2,322 sq m estate on the property that will be available to the buyer.
The lot has 61m of water frontage at Biscayne Bay, according to the listing. “You can park a mega-yacht there,” Mr Reznik said.
Indian Creek has become a symbol of the surge in wealth in South Florida and how the ultra-rich are pricing out the merely affluent.
The island, accessible only via a single, heavily guarded bridge, has its own police force and roughly 40 lots, as well as its own 18-hole golf course. Other Indian Creek residents include US President-elect Donald Trump’s daughter Ivanka Trump and her husband Jared Kushner, American football star and part owner of the Las Vegas Raiders Tom Brady and US investor Carl Icahn.
Even outside Indian Creek, it is becoming increasingly more expensive to own a luxury home in the region.
In the third quarter, the median price for a luxury single-family home – the top 10 per cent of sales – in Miami Beach and nearby barrier islands was US$23 million, a 16 per cent increase from the same period a year earlier, according to data from brokerage Douglas Elliman Real Estate and appraiser Miller Samuel.
The Indian Creek listing was first reported by newsletter Highest & Best. BLOOMBERG
