Jeff Bezos Purchases $90 Million Florida Estate to Reside in During Construction of Mega Mansion on $147 Million Properties

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Jeff Bezos Purchases  Million Florida Estate to Reside in During Construction of Mega Mansion on 7 Million Properties

Jeff Bezos, the world’s second-richest individual with a net worth of $203.7 billion, has made major real estate deals on Florida’s exclusive Indian Creek Island, known colloquially as the “Bunker of the billionaire.”

Bezos’s acquisition frenzy began with the purchase of two mansions for a combined total of $147 million. Not stopping there, Bezos recently added a third property to his collection for $90 million.

The house, comprising six bedrooms and nine bathrooms, was acquired by Bezos in an off-market deal. Property records show the house was last sold in 1998, for $2.5 million, to banker Javier Holtz.

Despite its luxurious attributes, Zillow’s valuation of the property is around $41 million, significantly lower than the price Bezos agreed to pay to acquire it. This discrepancy highlights the premium Bezos placed on the property, perhaps due to its location, exclusivity or potential as a custom home site beyond the estimated market value.

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Bezos’ latest real estate acquisitions are located next to the homes of Ivanka Trump and her husband Jared Kushner as well as famous NFL quarterback Tom Brady. Located in one of the most expensive neighborhoods in the United States, Indian Creek is home to just 80 residences, each located in sprawling mansions. These owners enjoy exclusive amenities, including a private golf course and country club, showcasing the area’s luxurious lifestyle.

The latest reports from Bloomberg suggest an ambitious plan: Bezos intends to demolish the first two properties to make way for a massive mansion. However, this plan has not been officially confirmed by Bezos himself.

Beyond the luxury real estate sphere, Bezos’ relocation to Florida is strategically sound, coinciding with the sale of approximately $8.5 billion in Amazon stock. Florida’s tax environment, known for no state-level income tax, provides a significant tax advantage, especially for high-net-worth individuals handling large transactions like Bezos.

Bezos’ latest real estate deals and his decision to sell Amazon stock open a new chapter in his life, combining personal desires and a move to Florida, known for its favorable tax laws. His move to Miami, bringing him closer to his family and his aerospace company Blue Origin, highlights a mix of reasons for the move, including personal, professional and tax benefits.

Even though Bezos’ real estate endeavors are out of reach for most people, getting into the real estate business doesn’t require millions.

You can find opportunities to start investing in real estate with as little as $100 through this site. Bezos-backed company, real estate investment trusts (REITs), or crowdfunding websites, which offer individuals a way to invest in real estate and real estate projects with minimal initial capital. These options allow almost anyone to get their foot in the door of the real estate market, democratizing the opportunity to invest in this traditionally high-barrier sector.

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This item Jeff Bezos Buys $90 Million Florida Mansion To Live In While His Other Newly Bought $147 Million Homes Are “Torn Down” For Mega Mansion originally appeared on Benzinga.com

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