Property
Published January 4, 2024, 12:58 PM ET
Even some members of the 1 percent are not rich enough for this elite enclave.
In Florida's hyper-exclusive Indian Creek Village, the fabulously rich are being driven out by the wealthiest people in the world.
Miami-Dade County's “billionaire bunker” is located on an artificial barrier island and can only be reached via a well-guarded bridge. It has long been known for its incredibly wealthy residents – but since the coronavirus pandemic, its 41 properties have increasingly become homes of billionaires.
“This is all post-COVID, and it was actually very different before,” Dina Goldentayer, who has been involved in several Indian Creek Village sales, told Bloomberg about the rapid rise in wealth in the city.
Today, property prices on the island — which has its own mayor — regularly hover near $100 million, whereas less than a decade ago “there were five or six simultaneous offers and $20 million was a big sale Goldentayer added.
Bezos' 19,064 square foot estate. Dina Goldentayer Real Estate Bezos' second house purchase on the island. Dina Goldentayer Real Estate Ivanka and Jared's crib. MEGA The island even has its own mayor. MEGA Bezos spent $68 million on a home in the area before spending $78 million on the home next door just two months later. Romain Maurice/MEGA There are only 41 properties on the island. MEGA An aerial view of Bezos' adjacent properties on Indian Creek Island. MEGA The island is located in Miami-Dade County. Romain Maurice/MEGA An aerial view of the island. Google Maps Ivanka Trump and husband Jared Kushner count themselves as residents of Indian Creek Island. AFP via Getty Images Jeff Bezos is also a property owner there. Getty Images
So who came in?
In August, Amazon titan and billionaire Jeff Bezos reportedly spent $68 million on a 9,259-square-foot mansion in the village; Just two months later, he invested another $78 million in the 19,064-square-foot home next door. In December, The Post reported that Bezos is likely to demolish both homes as part of his move out of Washington state – and he's even looking for more homes in nearby Palm Beach, where billionaire hedge fund king Ken Griffin has his own massive one accumulates property.
Other homeowners in Indian Creek include Jared Kushner and Ivanka Trump, who reportedly paid $32 million for a nearby French neoclassical-style mansion — as well as Tom Brady, Carl Icahn, Eddie Lampert and David Guetta, according to Bloomberg.
Combined, Indian Creek's five wealthiest homeowners own a staggering $191 billion. That's a truly unprecedented amount, representing a huge new “infusion of the best 0.0001% in and around Miami” even in South Florida, which has “always been notorious for gated communities,” according to Professor Richard of the School of Cities University of Toronto Florida told the publication.
As a result, “only the very rich, the billionaires” can now afford to live on the island, HistoryMiami Museum resident historian Paul George added to the outlet. “Hundreds of millions will no longer make it.”
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