Real-estate developer Ian Bruce Eichner has sold his three-level Miami Beach penthouse for $35 million, six years after he put it on the market, Candace Taylor reported for The Wall Street Journal.
The 11,031-square-foot condo, at the top of the 42-story Continuum tower in the South of Fifth neighborhood, was Eichner’s personal penthouse. He first put it on the market it in 2015, and it was most recently listed for $39.9 million, per the Journal.
It’s been called the “Billionaire Bunker” and one of the “wealthiest, private, most secure communities in Miami Beach and the world.”
Indian Creek is a village of about 42 people on a tiny private island in Miami’s Biscayne Bay. Its “Billionaire Bunker” moniker stems from its wildly wealthy and high-profile residents, including billionaire investor Carl Icahn, supermodel Adriana Lima, and Spanish singer Julio Iglesias.
In the past couple of months, the island has gained some new high-profile residents, including Tom Brady and Gisele Bündchen. The seven-time Super Bowl winner and his supermodel wife paid $17 million for a mansion on Indian Creek that they’re planning to tear down and replace with a new, eco-friendly mansion, Page Six reported in December.
The news of Brady and Bundchen’s purchase followed reports that Ivanka Trump and Jared Kushner had dropped $32 million on a waterfront lot on the exclusive island, which Insider reported on last year when Julio Iglesias put it up for sale.
In 2019, Insider got a tour of the island from Nelson Gonzalez, a luxury realtor and the senior vice president of EWM Realty International. Here’s what it’s like on the exclusive, high-security island.
Indian Creek is a village of about 40 residents on a tiny private island in Miami’s Biscayne Bay.
It’s been nicknamed the “Billionaire Bunker.”
The village’s 34 homes are built around the perimeter of the island, giving them all waterfront views. The center is occupied by an 18-hole golf course and a country club.
“Indian Creek is an exclusive 300-acre island located on the beautiful waters of Biscayne Bay and recognized as one of the wealthiest, private, most secure communities in Miami Beach, and the world,” Michael Light, the founder of Miami Luxury Homes and senior director of luxury sales at Douglas Elliman, wrote on his website.
In May 2019, when I got an exclusive tour of Indian Creek Village, I arrived at the island in an Uber. We were stopped at the guardhouse before even getting on the island.
My name was on a list of expected guests, so I didn’t have a problem getting in.
Indian Creek’s police department monitors the only entrance to the island.
The island is protected by a private 13-person police force, according to my tour guide, Nelson Gonzalez, a luxury realtor and the senior vice president of EWM Realty International.
The force even patrols the perimeter of the island from the water.
Indian Creek Village is only accessible by car. A single bridge spans the waterway from Surfside.
After we drove across the bridge, I was dropped off in the driveway of one of the island’s opulent mansions.
Homes in Indian Creek are rarely up for sale. At the time of my visit, there was only one house on the market: an eight-bedroom, Mediterranean-style mansion for $24 million.
I was able to take a tour and photograph the home because it’s for sale, but I wasn’t allowed to take photos of any other houses on the island.
“This is not one of the most accessible venues for the visiting golfer, so you’ll need to befriend a member to tee it up on the classical William S. Flynn-designed course here at Indian Creek, which dates back to the 1930s,” the website reads.
I wasn’t allowed to get out of the car and walk around the island, so I took photos through the windows.
Gonzalez told me that the island is high-security and that the residents are very concerned with privacy. I spotted one of the private police cars patrolling the island about two minutes into my tour.
The island has just one street, Indian Creek Island Road. It’s bordered by lavish homes on one side and the perfectly manicured golf course on the other.
Most of the village’s homes sit behind gates, partially shrouded from view by palm trees.
High-profile investors, Russian billionaires, professional coaches, models and singers, and even US senators have called Indian Creek Village home.
After my tour, I was driven back out of Indian Creek Village.
While I’d expected a degree of security on the private island, I didn’t expect it to be quite at that level, from the 13-person private police force to the screening at the guarded gatehouse to the ban on setting foot outside the car or taking photos of the homes.
The island is really small — the driving tour took at most 20 minutes, and that was moving slowly with frequent stops.
The most telling detail of my short time on the island is that I don’t remember seeing a single civilian on the street or in the yards, but I saw at least two members of the police force.
So while the level of security is definitely, and understandably, a draw to wealthy residents, I found it to be a bit of a deserted island.
The waterfront property comprises two homes that span a combined 10,041 square feet, as well as two outdoor swimming pools and a private boat dock, according to the Multiple Listing Service.
It sits on the manmade Venetian Islands in Biscayne Bay. The 72-year-old Nasser, who was Ford’s CEO from 1999 to 2001, bought both homes in 2005 for $5 million, per Mansion Global. Before it was acquired by Nasser, the house was the site of the 1996 season of MTV’s “The Real World: Miami.”
Thiel, who was a co-founder of PayPal and Palantir and sits on the board of Facebook, bought the property for slightly less than the original $19.9 million listing price from July.
Take a look at the sprawling waterfront compound.
The 72-year-old former chief executive for Ford Motor Company sold his Miami compound for $18 million, Mansion Global reported.
The Venetian Islands – which straddle the cities of Miami and Miami Beach – is made up of six exclusive manmade islands: Biscayne Island, San Marco Island, San Marino Island, Di Lido Island, Rivo Alto Island, and Belle Isle.
Nasser’s former compound sits on Rivo Alto Island.
Jacques Nasser bought the home in 2005 for $5 million, four years after he retired from Ford, per Mansion Global.
He served as the CEO of Ford Motor Company from 1999 to 2001.
The Venetian Islands property has parking space for four cars.
The home’s listing agent, Dora Puig, declined to comment on the identity of the buyer who snapped up the property that Nasser owned for 15 years. Public records seen by Insider revealed Thiel as the buyer.