Friday, August 10, 2012

Imperial Real Estate Group: Indian Creek home sells for $47 Million

Imperial Real Estate Group: Indian Creek home sells for $47 Million: 3 Indian Creek  has closed on a $47 million sale, the largest residential transaction in the history of Miami-Dade County. The property to...

Indian Creek home sells for $47 Million


3 Indian Creek has closed on a $47 million sale, the largest residential transaction in the history of Miami-Dade County. The property totals approximately 30,000 square feet, with 10 bedrooms and 14 bathrooms on an 80,000-square-foot lot.
The Miami Beach property in Indian Creek, which was designed by architect Rene Gonzalez, has a current assessed value of just $7.2 million, according to the County Property Appraiser’s office. It had originally been listed for $60 million in 2011 before  a price cut to $52 million..
The home has its own 100-foot pool, a glass-encased waterfront gym, 205 feet of bay frontage, and its own beach.
The previous Miami-Dade County record was set in March, when hedge fund manager Edward Lampert paid $40 million for another Indian Creek home.