For roughly 1,903 Bitcoin at today’s conversion rate, Ivanka Trump, Spanish crooner Julio Iglesias, supermodel Adriana Lima, and dozens of other A-listers and titans of industry could soon become your neighbors in Miami’s most coveted address.
Locally known as “Billionaire Bunker”, Indian Creek Island on Biscayne Bay on the backside of Miami Beach is by almost every measure the most exclusive, secure, and celebrity-saturated residential enclave in America (sorry Hamptons and Palo Alto). If it had its own zip code, it would be the most expensive as well, with most properties trading hands these days for north of $40 million.
“Indian Creek is the equivalent of St. Jean Cap Ferrat in the south of France or Field Point Circle in Greenwich, Connecticut,” says Douglas Elliman’s Dina Goldentayer, who has the listing, of similar micro-UHNW real estate vortices around the world. “Every estate is significant and magnificent in its own right. And any address here is a signifier of true wealth, success, and exclusivity.” For Indian Creek Island’s current 40 residents—many of whom already pay millions annually for privacy and security everywhere else they go—that’s exactly the way they like it.
The roughly 300-acre island is accessible only by a two-lane, gated bridge stationed by armed guards. It also maintains its own round the clock, 13-person police force and marine patrol to repel the tourists and paparazzi who read articles like this one and figure this is their best shot to get a glimpse of Tom Brady and Gisele Bündchen, who recently dropped $17 million on the island for a “tear down” estate.
Indian Creek Country Club, whose William Flynn-designed golf course has fewer members than Augusta, also takes up the entire center of the island which means that no new development can ever take place so exclusive always will remain exclusive. Notwithstanding Indian Creek’s already hefty price tag for privacy, the island’s newest listing, 37 Indian Creek Island Road , is about to set an even higher ceiling shattering record, hitting the market this week at $59 million. And given Miami’s currently supercharged luxury real estate market, there’s a good chance it will trade for more than that.
The spec mansion is being built by iconic Miami Beach developer Todd Michael Glaser and three partners, who bought the property last summer from legendary Latin variety show host Mario Luis Kreutzberger Blumenfeld a.k.a “Don Francisco” for $24 million in an off-market deal that also was represented by Elliman’s Goldentayer.