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

Miami /
Jul.July 20, 2017 05:30 PM

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


Related Articles

arrow_forward_ios
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Pierre Brondeau and Palazzo Del Sol

Pesticide exec pays $14M for Palazzo Del Sol condo

Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive

Howard Lorber buys waterfront Sunset Islands home for $12M

Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)

Hospitality mogul David Grutman lists Sunset Islands home

Hospitality mogul David Grutman lists Sunset Islands home
Jim Cohen, Fontainebleau Development’s president of Residential, and Jeffrey Soffer, with SeaGlass Jupiter

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
2138 Bay Avenue, Miami Beach (Credit: Google Maps)

Toronto financier pays $14M for Sunset Islands home

Toronto financier pays $14M for Sunset Islands home
Map of priciest condo sales and Palazzo Del Sol (Credit: Google Maps and Douglas Elliman)

$12M Fisher Island closing tops weekly condo sales in Miami-Dade

$12M Fisher Island closing tops weekly condo sales in Miami-Dade
Fisher Island (Credit: Fisher Island)

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...