Vacant Lot, 2 Indian Creek Sells for $14.5 Million!

Tuesday, April 10, 2012

Indian Creek is one of the most exclusive communities in South Florida, if not in the United States. It was just announced today by Indian Creek Property Investments that the property was bought by a South American Buyer. The property was originally listed at $16.9 million and this comes just one week after singer Julio Iglesias purchased 7 Indian Creek. The seller purchased the property in 2004 for $7.76 million according to the Miami Dade County Property Appraisers Office. There were no improvements made to the vacant lot, which represents some potentially exciting news in Miami Beach real estate, since in 2004 it was considered a boom in real estate. According to the buyers representatives, he took note of this, and will not build right away because he expects values to increase quickly.

This was quite a prudent investment, since there are no other vacant lots on Indian Creek. There are currently only 3 listings available on Indian Creek, starting at $38 million, with 5 bedrooms, $52 million, with 10 bedrooms, and $89 million for another 5 bedroom home. With inventory so limited, it is difficult to deny the opportunity for a price increase. Indian Creek Island, for those uninitiated, spans over 250 Acres and contains only 40 homes surrounding an award winning golf course. It is incredibly private and secure with both sea and land surveillance. It is conveniently located to Miami Beach and the world class shopping and dining at The Shops at Bal Harbour. For more information on the available properties at Indian Creek, please contact Miami Beach Exclusive Homes.

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