A nearly-completed mansion on Miami's exclusive Indian Creek island has been listed for sale with an asking price of $200 million. The listing represents a new high-water mark for South Florida's booming ultra-luxury real estate market and, if sold near its asking price, would shatter the current sales record for Miami-Dade County.
Key Takeaways
- A new mansion on Indian Creek is listed for $200 million, aiming to become the most expensive home sold in Miami-Dade County.
- The property spans nearly two acres on an island known for its extreme privacy and wealth, often called the "Billionaire Bunker."
- The current sales record in the county is $120 million, set by a home on nearby Star Island in March.
- This mega-listing underscores the continued surge of high-net-worth individuals and capital into the South Florida real estate market.
Setting a New Benchmark in Miami Real Estate
The South Florida property market continues to see unprecedented valuations, with a new listing on Indian Creek Village poised to set a historic record. A mansion, still in the final stages of construction, has officially entered the market for $200 million. Positioned on a nearly two-acre lot, the home is located in one of the most exclusive and secure enclaves in the United States.
Should the property achieve a sale close to its ambitious price tag, it will easily surpass the current record for the most expensive residential transaction in Miami-Dade County. That record was established earlier this year with the $120 million sale of a waterfront estate on Star Island, purchased by hotel magnate Vladislav Doronin.
The introduction of a $200 million property signals a new level of confidence among sellers and developers in the region's ability to attract ultra-wealthy buyers from around the globe.
A Magnet for Nine-Figure Sales
In recent years, South Florida has transformed into a primary destination for sales exceeding $100 million. The trend accelerated significantly after 2020, as financial and tech executives relocated to the state, drawn by favorable tax laws, a warmer climate, and a more relaxed lifestyle. This migration has fueled intense demand at the very top of the market, leading to a proliferation of mega-listings.
The Allure of Indian Creek Village
The location of this monumental listing is as significant as its price. Indian Creek is a 300-acre barrier island with its own private police force, an 18-hole championship golf course, and a limited number of waterfront estates. Often referred to as the "Billionaire Bunker," its reputation for unparalleled privacy and security makes it a sanctuary for high-profile individuals.
Access to the island is restricted to a single, heavily guarded bridge, ensuring that only residents and their vetted guests can enter. This level of seclusion is a primary driver of property values on the island. Every home site is situated on the waterfront, offering expansive views and direct access to Biscayne Bay.
What Defines a $200 Million Property?
While specific details of the nearly-finished mansion remain closely held, properties at this price point typically feature an extraordinary list of amenities. Buyers in this category expect:
- Expansive Living Space: Often exceeding 20,000 square feet with bespoke finishes and architectural significance.
- Prime Waterfront Access: Including private docks capable of accommodating superyachts.
- Resort-Style Amenities: Such as multiple swimming pools, professional-grade wellness centers, home cinemas, and wine cellars.
- Ultimate Privacy: Extensive landscaping, state-of-the-art security systems, and natural buffers are standard.
- Guest Accommodations: Separate structures for guests or staff are common features.
The two-acre lot size is also a significant factor, providing a level of space and privacy that is exceptionally rare in the dense coastal landscape of Miami.
By the Numbers: Miami's Luxury Market
The $200 million asking price represents a 66.7% increase over the current record of $120 million. This highlights the rapid appreciation and intense demand characterizing the top tier of the market.
South Florida's Ascendance in the Global Luxury Market
The rise of nine-figure home sales in South Florida places it in an elite group of global cities, including New York, London, and Monaco. For years, Miami was considered a secondary luxury market, but the recent influx of capital has fundamentally altered its standing. The city is no longer just a vacation destination but a primary residence for some of the world's wealthiest individuals.
This market shift is driven by more than just lifestyle preferences. Corporate relocations have brought a new class of buyer to the region. Major financial firms and tech companies have established significant operations in Miami, bringing their top executives with them. These buyers are often less sensitive to price fluctuations and prioritize location, privacy, and turnkey luxury.
The continued appearance of mega-listings reflects a fundamental belief that South Florida's value proposition for the ultra-wealthy is not a temporary trend but a long-term reality.
What This Listing Means for the Broader Market
While a $200 million home is in a category of its own, its presence on the market can have a ripple effect. Such a high-profile listing reinforces Miami's image as a global luxury hub, which can attract further investment and development across different price points. It also sets a new psychological ceiling, potentially making properties in the $50 million to $100 million range appear more common by comparison.
Real estate analysts will be watching closely to see how long the property remains on the market and what its final sale price is. A successful transaction near the asking price would confirm that Miami has firmly established itself as one of the most important and expensive real estate markets in the world. Conversely, a lengthy sales period or a significant price reduction could indicate the upper limits of the current boom.
For now, the listing stands as a testament to the extraordinary wealth flowing into South Florida and the region's enduring appeal to those who can afford the very best.
