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A two-acre estate on Miami’s Indian Creek Island has fetched top dollar.
An unidentified European buyer spent $15 million on 4 Indian Creek Drove, a waterfront property on the exclusive Indian Creek Island.
Representing the property’s seller was Pablo Alfaro of Esslinger Wooten Maxwell, one of the nation’s largest real estate firms.
While information regarding the seller’s identity was not available, public records linked the land to L&L Indian Creek Properties where South Plainsfield, N.J.’s Leroy Schechter is at the helm.
“This parcel represents the great attraction people across the world have for owning property in South Florida,” Alfaro told the South Florida Business Journal. “We worked tirelessly to ensure that the buyers’ needs were met, and this purchase will enable them to build their dream home in one of the most sought-after communities.”
South Florida Business Journal / August 22, 2011
More coverage:
Miami Beach land sells for $15 million / Miami Herald
A two-acre estate on Miami’s Indian Creek Island has fetched top dollar / Haute Living
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NYT / August 21, 2011 / By Ruth La Ferla
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NYT / July 26, 2011 / By David Streitfeld
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EWM’s Esther Percal and Pablo Alfaro completed the $11.5 million sale of Apogee’s Penthouse A, the highest price paid for a condominium in Miami-Dade in almost a year.
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South Florida saw existing home sales hit stride in January, with more than 2,500 condos sold in the month, the largest since 2005. Buyers, many of whom are investors, are looking for the best deals and that has led sellers of both new and existing condos to cut prices.
Miami Herald / February 24, 2011 / By Toluse Olorunnipa
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All Real Estate is Local? Think Again
Many markets such as Florida are seeing a surge of foreign buyers snapping up homes at bargain prices.
WSJ / February 18, 2011 / By Miltra Kalita
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