Story perspectives
Miami Island Lot Sells for Record $105 Million
6/18/2025
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Story summary
- A 1.84-acre lot on Indian Creek Island, Miami, sold for a record $105 million.
- Seller Mikhail Peleg, a German investor, reduced the original listing price of $200 million.
- The island's exclusivity attracts high-profile residents, including Jeff Bezos and Ivanka Trump.
- This sale is likely to boost property values and set a new benchmark for the area.
