Indian Creek Island, nicknamed as a billionaire bunker, is one of the wealthiest and most exclusive enclaves in the US. Celebrities, prominent personalities, politicians, and billionaires all call this tiny island village home. It has a total area of 0.47 square miles, with 0.43 square miles of land and 0.04 square miles of water.
With only just around 40 residences and a population of 86, Indian Creek Island is the perfect retreat for those who seek privacy, security, and serenity in a waterfront destination. It is also one of the most heavily patrolled neighborhoods, with the private police force circling the island via land and water, 24 hours a day.
Indian Creek is located in Miami-Dade County and is situated near Bal Harbour. Miami International Airport is just a few minutes’ drive away.
Real Estate Community in Indian Creek Island
Average Land Area/House Square Feet
Lot areas in Indian Creek Island have a minimum size of 1.25 acres.
Common Property Types or House Styles
Single-family homes dominate the Indian Creek Island real estate market.
Average Market Pricing
Indian Creek Island homes for sale range from $6,200,000 to $18,900,000 in price.
Common Design, Construction, or Architectural Types
Some of the most common architectural styles are Tuscan, Mediterranean, Regency, and Italian. Most, if not all homes, feature lavish pools, poolside cabanas, rooftop Jacuzzis, in-home spas, gyms, wine cellars, entertainment areas, extravagant furnishings, and expensive decor.
Some of the famous residents of Indian Creek island are Julio Iglesias, Enrique Iglesias, Beyonce, Jay-Z, professional golfer Raymond Floyd, former football coach of the Miami Dolphins Don Shula, television host Don Francisco, billionaire investor Carl Icahn, and real estate magnate Peter Breton.
Other famous residents include top model Adriana Lima, Calvin Klein co-founder Barry Schwartz, Sheik Mohammed al-Fassi of Saudi Arabia, billionaire developer Donny Soffer, and steel executive Leroy Schecter.
Leroy Schecter, the chairman of Marino/Ware Industries, listed his 22,000-square foot home for $45 million. It features an in-house theater, gym, seven-car garage, and elevator.
Also on the list of A-listers are wireless tycoon Rajendra Singh, radio magnate Raul Alarcon, former cable company CEO Ken Bagwell, US senator George Smathers, coal and oil magnate Christopher F. Viegas, and former football team owner and car dealership tycoon Norman Braman.
Norman Braman purchased his home in 1991 for $3.9 million, the most expensive sale at that time. It features 19,000 square feet of interior space, eight bedrooms, and 10 baths.
Hedge funder Eddie Lampert owns a seven-bedroom, Italian-style estate featuring 17,000 square feet of interior space and 2.7 acres of land. The home is valued at $40 million.
Living in Indian Creek Island
General Cost of Living
Indian Creek Island is the wealthiest village in the state, having the 5th highest per-capita income in Florida. The cost of living in Indian Creek Island scores 426.4 on the cost of living index. The national average is 100.
Average household income in Indian Creek Island is $250,0001. Most residents are in the management, finance, insurance, and arts and entertainment sectors.
Just like the rest of Miami, Indian Creek Island has a tropical monsoon climate. The warmest month in Indian Creek Island is August, with an average temperature of 83 degrees. The coldest month is January, with an average temperature of 68 degrees.
The island is near Bal Harbour, where various dining options are available. It has everything from fine dining restos to outdoor cafes and bistros. Menu options include Italian, French, Japanese, and American cuisines. Recommended restaurants are Carpaccio, Brasserie La Goulue, Makoto, Villa Castelli, J&G Grill, and Le Zoo.
Students in Indian Creek Island attend Biscayne Elementary School, Nautilus Middle School, and Miami Beach Senior High School. One of the best public schools in Florida, Ruth K. Broad Bay Harbor K-8 Center is just a few minutes away from Indian Creek Island.
Parks, Recreational Activities, and Attractions
The Indian Creek Village Country Club is a top-class 18-hole golf club that’s also one of the oldest golf clubs in the world.
Shopping is one of the main attractions in nearby Bal Harbour. Bal Harbour Shops, a 500,000-square foot property, is an al fresco shopping mall carrying a long list of designer brands for avid shoppers. Some of these brands are Ralph Lauren, Prada, Chanel, Giorgio Armani, Dolce & Gabbana, and Michael Kors.
Own a multi-acre waterfront property in one of the most coveted private islands in Miami, Indian Creek Island. Get in touch with The Jills Zeder Group at 305.722.5721 or 305.341.7447 to get started on your search for the perfect waterfront residence.