Julio Iglesias' $15.2 Million Island Creek Mansion
by Sep Niakan | September 05, 2013
In 1981 a 2 acre Indian Creek Village home was priced at $775,000, $1.9 million today. Just last year Julio Iglesias, famous Latin singer and father of Enrique Iglesias, purchased it for $15.2 million, a $13.2 million takeaway.
Well worth it to Iglesias, who’s said “After a lifetime of traveling the world, I can say that Indian Creek is my favorite place on the planet.” Given the locale’s lush Miami Beach views, great harbor, central golf course, and relative seclusion, that’s easy to believe.
The 5,500 square ft home is spectacular, but temporary. The Iglesias family plans to reside there while developing a 20,000 square ft Spanish hacienda on a neighboring 4 acre lot, which he’s owned for over three decades. The larger property used to host his 8 bed, 7 bath, 10,000 square ft home. However lovely, the former residence wasn’t suited for his family of seven: “The house was built for a couple. Suddenly I had five kids,” he explained.
For six years Iglesias tried selling the lavish structure, but resolved to keep it after no offers and markdowns totaling $8 million, from 2002’s $32 million to 2008’s $24 million. “We went down, down, down, and then I thought, you know, this is too cheap.”
Smart move, as the prime North Miami property is only expected to gain value. Of course, Indian Creek Village residents and an army of contractors are glad the forever-young crooner is sticking around.
by Sep Niakan | January 22, 2017
Welcome to the month of love! February’s here, and it’s time to get into celebration mode once again. With Valentine’s being the highlight of the month, Miami’s got a mixed bag of events that will help singles and couples...
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...