Miami continues to attract the world’s wealthiest individuals, setting new benchmarks for luxury real estate in 2024. From record-breaking waterfront estates to celebrity purchases, here’s a breakdown of this year’s most notable residential sales:
$100M | 18, 22, and 24 La Gorce Circle, Miami Beach
Consumer goods mogul Anand Khubani made headlines with his $100 million purchase of a nearly 3-acre assemblage in Miami Beach. The estate, previously owned by the late Dr. M. Lee Pearce, features two houses, a guest house, a dock, and 600 feet of waterfrontage. Originally bought for just $3.1 million in the 1980s, this transaction highlights the escalating value of prime Miami Beach real estate.
$87M | 28 Indian Creek Island Road, Indian Creek Village
Amazon founder Jeff Bezos expanded his portfolio with an $87 million purchase on the exclusive Indian Creek Island. This marks his third acquisition on the island, bringing his total investment in the area to $234 million. The estate spans 1.8 acres and includes a 12,100-square-foot mansion with six bedrooms, 10 bathrooms, a pool, and panoramic waterfront views.
$72M | 4736 North Bay Road, Miami Beach
David and Victoria Beckham set a new price record for North Bay Road with their $72.3 million purchase of a waterfront mansion. Developed by Niklas de la Motte, this 14,300-square-foot home boasts nine bedrooms, a gym, a theater, a spa, and expansive outdoor spaces.
$65M | 40 Indian Creek Island Road, Indian Creek Village
Dutch industrial heir Geert-Jan Bakker sold his waterfront estate in Indian Creek Village for $64.5 million in an off-market deal. This transaction reinforces Indian Creek’s reputation as a hub for ultra-wealthy buyers.
$26M | 148 Bal Bay Drive, Bal Harbour Islands
Brazilian soccer superstar Neymar joined Miami’s luxury real estate market with a $26 million purchase of a waterfront lot in Bal Harbour Islands. The 0.63-acre property comes with approved plans for a 13,000-square-foot house designed by London-based studio Elicyon, blending modern elegance with waterfront serenity.
Why Miami?
Miami’s allure lies in its unique blend of tropical climate, world-class amenities, and tax-friendly policies. These record-breaking deals underscore the city’s position as a global hub for luxury real estate, attracting celebrities, tech entrepreneurs, and international investors alike.
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