Florida Estate Sells for Record $47M

Miami-Dade property has a beach imported from Bahamas
By Dustin Lushing,  Newser Staff
Posted Aug 8, 2012 5:11 PM CDT
Florida Estate Sells for Record $47M
A home in Florida sold for $47 million, setting a record in Miami-Dade county for single-family houses.   (Shutterstock)

Another sign that luxe housing is making a rebound? A Florida estate has sold for $47 million, a record for Miami-Dade County, reports the Wall Street Journal. The buyer was an unidentified Russian. The newly built estate was initially on the market for $60 million, but even with the price cut, it set a single-family home sale record. "The market has changed dramatically for the super high end," says a local broker. "These are prices that we've never, ever seen before."

So what do you get for that absurd amount of cash?

  • 30,000 square feet with glass walls peering out onto Biscayne Bay
  • 10 bedrooms
  • A 3-D movie theater
  • A private beach, complete with several tons of sand imported from the Bahamas
  • A wine cellar with fingerprint ID security
  • Access to the private golf course on the small gated island where your house is located
  • One of your neighbors is Julio Iglesias
Need to see photos? See the full story at the Journal. (More real estate stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X