Miami is gaining yet another full-time Billionaire. Jeff Bezos has announced that he and his love, Lauren Sanchez, will be relocating from Seattly to the Billionaire Bunker of Indian Creek Island, where he recently purchased two neighboring properties.
During the summer, he purchased the $68 million teardown at 11 Indian Creek Island Drive. It is a 9,200 square foot home that was constructed in 1965 on a 1.84 acre waterfront lot. At the time, he expressed his desire to raze the home and construct something new.
Fast forward to October and the next step of his play came to fruition when he purchased the neighboring home for $79 million. This property at 12 Indian Creek Island Drive was constructed in 2000. The home is 19,000 square feet including a pool house and 7 bedrooms, 14 baths, a cinema and at least 3 living areas. The second lot is also 1.84 acres of waterfront, garnering the lovebirds over 3.6 acres of waterfront property to enjoy on the island with just 41 total homesites, its own police force, country club and golf club.
At the time of the announcement, Bezos expressed his love of the magic city and his longing for his family. His parents recently returned to the area with a waterfront home they purchased in Coral Gables during July of this year.
“My parents have always been my biggest supporters. They recently moved back to Miami, the place we lived when I was younger (Miami Palmetto High class of ’82 — GO Panthers!) I want to be close to my parents, and Lauren and I love Miami.” Bezos said in a social media post.
The Amazon founder’s fiancée echoed his enthusiasm for the move, captioning an image of the home with “Miami 💖.”
In addition to being closer to his parents, Bezos is also enthusiastic about being closer to the Blue Origin headquarters, which is gradually shifting to the space center at Cape Canaveral, FL. The space exploration branch of his conglomerate is increasingly a pet project for the multi-hyphenate founder.
Is This The Only Reason For The Move?
While he publicly denies it, we have to pay attention to the tax benefits that Bezos and Sanchez will experience through their relocation as this is a large reason for much of the relocation we have experienced over recent years.
While Washington State also does not have a state income tax (many of our transplants from the Northeast and New England are escaping state income tax), Bezos would also escape a proposed wealth tax through his relocation according to MarketWatch.
This tax affects all of those whose net worth exceeds $250 million, which obviously includes the Amazon founder. His net worth currently is estimated at $161 billion according to Bloomberg.
Bezos will be in good company as a billionaire in the Miami area. He will join the founder of the famous hedge fund Citadel, Ken Griffin as well as former Google chairman Eric Schmidt and his wife Wendy in the 305. The Schmidt’s are currently on a buying spree throughout waterfront homes on the Sunset Islands.
Some of Bezos’ and Sanchez’s immediate neighbors will include Tom Brady, Jared and Ivanka Kushner, Julio Iglesias and Carl Icahn.
Whatever his reasoning is for the relocation, we welcome the Bezos’s! Scroll down for more photos of Jeff and Lauren’s new waterfront abode.
Images Courtesy of Miami MLS
This story originally appeared on Miami Luxury Homes