Skip to Content
MarketWatch

Ivanka Trump and Jared Kushner Buy an Exclusive $24M Waterfront Estate Near Miami

By Claudine Zap

Ivanka Trump and her husband, Jared Kushner, have splurged on yet another Miami-area property, the Real Deal reported. The sale on the ultra-exclusive Indian Creek Island closed in April for $24 million and the home is now owned by an entity reportedly connected to Kushner.

The guard-gated island, with only about 40 homes, is located in Miami's Biscayne Bay.

Late last year, the couple sprang for a pricey vacant 2-acre lot--just down the street from this most recent purchase--for a whopping $32.2 million. That coveted plot of land was once owned by the singer Julio Iglesias.

The couple had future plans to build, but had been renting nearby in Arte--an oceanfront high-rise tower in Surfside, FL. That luxe building is located less than a mile from the Champlain Towers South, part of which collapsed last month.

Perhaps the couple wanted to leave their condo for the privacy and security of a mansion--which is a solid option with this turnkey purchase. When it was on the market, it was billed as the "finest move-in condition home available on Indian Creek Island."

The "remodeled neoclassical masterpiece" features six bedrooms, 8.5 bathrooms, and 8,510 square feet of interior space.

The floor plan includes 26-feet-high domed ceilings, an opulent double staircase, open entertaining areas, a large family and screening room, a wood-paneled office, large gym, and a huge master bedroom with two full bathrooms.

Set on 1.26 acres, the estate features manicured gardens, reflecting pools, a resort-style pool, and a large dock.

A standout for its security and amenities, the private, gated development comes with its own 24-hour police force, golf course, and country club.

Dubbed "Billionaire Bunker" by Forbes, the 300-acre island has boasted high-profile residents including the billionaire investor Carl Icahn and the supermodel Adriana Lima. Tom Brady and Gisele Bündchen recently purchased a $17 million property there that they reportedly plan to tear down and rebuild.

The TV host Don Francisco recently sold his estate on the island to the developer Todd Glaser for $23.75 million. It has quickly returned to the market with a hefty markup, as a "pre-construction opportunity" for $55 million. And it's currently the only listing available on the island.

The Florida land grab isn't unique for the former first family. Donald Trump Jr. and his partner, Kimberly Guilfoyle, recently purchased homes in Jupiter, FL, as did Eric and Lara Trump.

Ivanka Trump and Kushner had previously rented a tony mansion in the upscale area of Kalorama in Washington, DC. They also previously lived in a Park Avenue apartment on Manhattan's Upper East Side, and they own a home in Bedminster, NJ, on the property of the the Trump National Golf Club.

Ralph Arias with ONE Sotheby's International Realty represented the seller. Oren Alexander with Douglas Elliman repped the buyers.

This story was originally published on Realtor.com (link).

-; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

07-16-21 1155ET

Copyright (c) 2021 Dow Jones & Company, Inc.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.