Indian Creek Village: A Billionaires' Paradise Emerges as Wealthy Are Pushed Out
ICARO Media Group
In the exclusive enclaves of Florida's Indian Creek Village, the already affluent residents are finding themselves overshadowed by the world's wealthiest individuals, as the COVID-19 pandemic has brought about a rapid rise in extreme affluence.
Known as the "Billionaire Bunker," Indian Creek Village is located on a secluded man-made barrier island, accessible only by a heavily guarded bridge. With its reputation for housing the ultra-rich, the village's 41 lots have increasingly become the exclusive domain of billionaires.
According to Dina Goldentayer, a representative involved in Indian Creek Village sales, the transformation has been particularly notable in the aftermath of COVID-19. She stated that, "This is all post-COVID, and it was actually quite different before." The real estate market on the island has undergone a drastic shift, with prices routinely reaching close to $100 million today, compared to a decade ago when a notable sale would hover around $20 million.
One high-profile resident who recently made a significant investment in the village is Jeff Bezos, the founder of Amazon. Bezos reportedly purchased a 9,259-square-foot mansion for $68 million in August, and just two months later, he acquired an adjacent 19,064-square-foot home for $78 million. It has also been reported that Bezos plans to demolish both properties as part of his relocation from Washington State and is actively seeking additional real estate in nearby Palm Beach.
Notable figures such as Jared Kushner and Ivanka Trump, who purchased a French neoclassical-style residence for $32 million, as well as Tom Brady, Carl Icahn, Eddie Lampert, and David Guetta, have also made Indian Creek Village their home, according to reports.
The combined wealth of Indian Creek's top five homeowners is an astounding $191 billion, a figure that highlights the remarkable concentration of wealth in and around Miami. Richard Florida, a professor at the University of Toronto's School of Cities, described it as an unprecedented influx of the top 0.0001% in the local area.
As a result, the allure of Indian Creek Village has become increasingly exclusive, with prices skyrocketing to levels that only billionaires can afford. Paul George, a resident historian at the HistoryMiami Museum, emphasized that "Only the very wealthy, the billionaires" can now call the isle home. He added, "Hundreds of millions aren't gonna cut it anymore."
Indian Creek Village has truly become a paradise for billionaires, as the pandemic has intensified a trend of extreme wealth concentration. With its heightened exclusivity and record-breaking real estate prices, the village has solidified its status as a playground for the world's richest individuals.
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