Miami Mansion Home Snapped up for Record Breaking $47 Million

August 14, 2012

The stunning improvement of Miami’s luxury real estate market has been highlighted once again, this time with a record-breaking 47 million-dollar deal for spectacular bayfront Indian Creek mansion sold last week, which is the highest price ever paid for a home in Miami-Dade’s history.

Boasting 10 bedrooms and 14 bathrooms, the stunning resort style estate located at Indian Creek is situated on an expansive 400′ x 200′ estate, overlooking the aquamarine waters of Biscayne Bay. The home. It is one of a series of luxury properties connected by stone walkways.

The property was originally listed for $60 million, later reduced to $52 million before the buyer negotiated the agreed price.

The home is distinctive in that it’s the card is largely made of glass, allowing for tons of natural light and the integration of outdoor areas. Features include an impressive 100 foot swimming pool, a rooftop sky bar, Jacuzzi, spa, and glass enclosed waterfront gym. In addition, the home even boasts its own private beach, with pink colored sand imported from the Bahamas.

Inside the property there is a recording studio, A  3D movie theatre, indoor reflecting pools and a vertical garden.

The gated community of Indian Creek, which is home to civic activist Norman Braman and X Miami Dolphins coach Don Shula, is a high security, 300 acre in close island village, where a total of 38 luxury homes are located, together with a country club and an 18-hole golf course.

Little is known about the buyer, other than he or she comes from Russia and paid for the property in cash.

The sale, despite being something of a one-off, gives further encouragement to real estate professionals who have been saying for some time now that Miami’s real estate market (including its residential and commercial markets) is well on the way towards a recovery.