Golf Outing Tickets

The Real Deal Miami

Julio Iglesias wants $150M for his waterfront lots in Indian Creek

Singer-songwriter is asking nearly $19M per acre
July 20, 2017 05:30PM

Julio Iglesias and his Indian Creek lots

Julio Iglesias is ready to let go of the lots he’s loved before.

The award-winning singer and songwriter listed an 8-acre assemblage of waterfront land on Indian Creek Island for $150 million, Coldwell Banker’s The Jills team announced on Thursday.

Iglesias, father of Enrique Iglesias, is looking to sell lots 4, 5, 6 and 7 in Indian Creek for $18.75 million per acre or $470 per square foot. Each property has 80,000 square feet. Together they have about 800 feet of water frontage on the west side of the exclusive island fronting Biscayne Bay.

Iglesias bought his first two lots on Indian Creek in 1978, acquiring the rest over the years, according to Forbes. He paid $15.2 million for one of the properties in an off-market deal in 2012.

He’s looking to keep his nearby home on the island. Iglesias told the Miami Herald he decided to sell the lots because he’s doesn’t have the time to build houses for his kids like he originally planned. “My children are older and want to live in different parts of the world, so I have decided to sell these incredible lots,” he wrote in an email to the newspaper.

The Jills, led by Jill Hertzberg and Jill Eber, were not available for comment.

The exclusive island, with about 40 properties, is home to some of the 500 wealthiest people in the U.S., including activist investor Carl Icahn, car dealership mogul Norman Braman, and developers Jackie Soffer and Jeffrey Soffer. Earlier this year, Jackie Soffer listed a waterfront teardown at 26 Indian Creek Island Road for $29.5 million– Katherine Kallergis