The Jills

Coldwell Banker Residential Real Estate’s The Jills, led by Jill Eber and Jill Hertzberg in Miami Beach, closed $80 million in transactions in the first quarter of 2012, the company announced. “The Jills provide an exceptional real estate experience to their customers through their professionalism and hard work,” said Clark Toole, president of Coldwell Banker Residential Real Estate Florida. The total was led by the $19.2 million sale of 9 Indian Creek Drive in Indian Creek Village, a vacant lot sold by Calvin Klein Chairman Barry Schwartz in March. [more]

9 Indian Creek Drive

Barry Schwartz, the co-founder and Chairman of Calvin Klein, has sold his empty lot at 9 Indian Creek Drive for $19.2 million, the Miami Herald reported. Schwartz was represented by Coldwell Banker’s Jill Eber and Jill Hertzberg. The property, which has a total of 2.75 acres, had an assessed value of $10.8 million last year, according to data from the Miami-Dade County Property Appraiser’s office. It was purchased by Schwartz in 2005 for $15.5 million. [Miami Herald]

Cher and her former La Gorce Island pad

The owner of Cher’s former La Gorce Island estate has slashed his asking price by another 11 percent in an attempt to take advantage of a perceived burst in activity in the Miami Beach luxury market, even though it means he’ll probably lose money on the deal.

The 11,460-square-foot mansion, which Cher rebuilt and sold in the 1990s, is now up for grabs for $10.2 million. It last changed hands for $9.7 million in 2006, when former Calvin Klein CEO Barry Schwartz sold it to developer Todd Glaser and investor Armin Mattli, who gave the property around $1 million worth of upgrades before relisting it for $16.9 million in 2008.

It’s been on and off the market since then, with celebrities like Janet Jackson and Julio Iglesias each taking a turn as tenants, but was most recently listed for $11.5 million in July. [more]