Originally listed for sale at $60 million in 2010, the ultra-luxurious 3 Indian Creek Island Estate was sold to a Russian billionaire in August 2012 for a record $47 million, making it the most expensive single-family home ever sold on record in the history of Miami-Dade County, Florida.
Located on two private acres on the island of Indian Creek the ultra-luxury 10-bedroom, 14-bathroom estate features 30,000 sq. ft. of living space with a design that has been described as a work of contemporary art in a private resort setting with a living experience perhaps unmatched anywhere in the world.
Designed by acclaimed Miami Architect Rene Gonzalez, the extravagant residence was created in a conceptually modern style comprising five separate floating pavilions interconnected by stone walkways, garden walls and water features. Built by Shlomi Alexander of Bal Bay Development with his partner, renowned Miami Beach developer Felix Cohen, the internationally recognized residence was built as a piece of art with the inspiration of Miami’s internationally famous Art Basil Show.
The two-acre parcel of land was purchased on Indian Creek Island over 4 years ago by the developer with the intent of creating a posh private estate residence rivaling the best resorts in the world, while offering the highest level of exclusivity and the most exclusive amenities sought-after by elite home collectors.
Designed to capture and filter the radiant tropical sun while reflecting the surrounding water views, the theme of the house is to naturally blend the interior living spaces with the serene waterfront panorama visible from every room. A contemporary masterpiece of architecture and art, the residence is built with living spaces of impressive limestone walls, sheer translucent glass, and natural wood features flooded with natural sunlight. Seemingly floating on water, there is truly no other residence in Southern Florida that offers the magnitude of this residence. Inviting rejuvenating ocean breezes and brilliant sunshine throughout, it is truly an exclusive personal oasis of tranquility.
Situated on a private barrier island in Biscayne Bay right off Miami Beach, the estate is located in the ultra-exclusive Indian Creek Village. The island hosts its own private 18-hole golf course and gated roadway bridge access to the mainland.
Walking through the estate is a zen-like experience with gardens and waterfalls that emphasize the continuity between the stunning architecture indoors and the natural beauty outdoors. The structure of the estate showcases the intimate relationship between water, land, and sky, creating a synthesis of emotion invigorated by the awe-inspiring views. A unique trophy estate like no other in existence today, the residence incorporates water as a fundamental theme. Not only does it surround the home, it meanders throughout the living areas forming reflection pools, relaxing melodious rivulets, and stunning waterfalls.
Boasting its own private beach with pink sand imported from the Bahamas, the view across the infinity edge pool facing the ocean creates a shimmering spectacle of transitioning light as twilight descends and the cleaning breezes of night approach. Delivering orchestrated compositions of vivid light and shadows at the boundary between night and day, the estate becomes a visual canvas revering the cascading sky and water.
Luxury and elegance flow throughout the ultra-exclusive Indian Creek Island estate. Crafted with the design and style of a modern contemporary luxury resort, the residence was created to be an exclusive personal waterfront oasis with a truly unique level of privacy and security.
Spectacular in every regard, the estate reached a pricing level never seen before in Miami with a record-breaking sales figure in a community at the extreme high end of the luxury real estate market dominated by multi-millionaires and billionaires
How was this price achieved?
The developer, Shlomi Alexander, credits his initial decision to offer the home with a $60 million price, as the catalyst that attracted the kind of attention needed to bring about the sale.
“I created the hype,” he said.