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Miami's Indian Creek Exclusivity Defined

Indian Creek: Exclusivity Defined

Date: Friday, June 22, 2012, 12:40pm EDT
SoFla Luxe- South Florida Business Journal

It’s a 660-acre municipality set in Biscayne Bay. It has its own mayor for the fewer than 40 residents, an 18-hole golf course, and its private roads are patrolled by its own police force. According to the 2000 census, it has the eighth-highest income in the U.S., according to Wikipedia.

And it’s as white hot as a real estate market can get. Indian Creek Village has seen a spate of eight-figure sales that outshine many other communities.

From its founding as a dredged island in the early 1920s, and through the land bust and the Great Depression, the community has become the premier address – for the few who can afford to snatch up the what listings emerge. Those include Julio Iglesias, who owns four lots, and Robert and Michelle Diener, who recently bought their second.

Not exactly a flood of listings, but several are on the market. Steel magnate Leroy Schecter recently put No. 12 Indian Creek Drive on the market at $45 million. Franklin Resources Chairman Charles Johnson’s home at No. 17 hit the block at $38 million. No. 3 is on the market for $52 million. No. 38, owned by basketball coach Rick Pitino, is listed for $15.9 million.

Quips Jill Hertzberg, who with Jill Eber comprises “The Jills” with Coldwell Banker and who closed her first sale there in 2007: “I should have been investing on Indian Creek 20 years ago.”


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