Miami Beach Real Estate Market Reports for 2009 – Indian Creek Luxury Homes

Indian Creek, even with only 2 sales in 2009, defeats Miami Beach Luxury Real Estate statistics with sales above the $5,000,000 range, with always controlled inventory and with an average price per square foot according to those 2 sales of $1,408.  It’s exclusivity is unmatched and private 24-hour boat patrol around the island should make any resident feel like they are living in a castle surrounded by an alligator infested mote (ok, ok…maybe a bit far-fetched, but don’t discount the huge lots and easy proximity to the ocean with only one bridge).

Address Bds Bths HBth sqft Water Lot Size List Price Sale price $/sq.ft
22 Indian Creek Dr 4 4 2 7,582 Y 80,000 $10,950,000 $9,000,000 1,187
34 Indian Creek Dr 3 3 2 3,684 Y 80,000 $8,900,000 $6,000,000 1,629


22 Indian Creek Drive – Indian Creek, FL 33154

Estate Sale (and fixer upper, if I may add) – built in 1958 with 200 feet of water frontage  and “Regency Style Residence”, according to listing agent.  Had been listed since March of 2009 with a starting price of $12,900,000.  (selling date December 10, 2009)


34 Indian Creek Drive – Indian Creek, FL 33154

Smaller home compared to neighboring Indian Creek Mansions with under 4,000 square feet of living space but with 221 of water frontage and sitting on mammoth 80,000 square foot lot.  The house was built in 1965 and described by listing agent as:

Nestled  within this park like property is a charming, original Old Florida style home. The house is a “jewel” w/sliding flr to ceiling glass drs allowing the prevailing southeast breezes through the house. On approximately 2 acres of land this property features a heated swimming pool, outdr showers, luscious Florida flora, 2-car garage, new deep water concrete dock & much more. Located in the heart of the city, Indian Creek is a private island w/only 33 houses surrounding an exquisite golf course

This house was not an easy sale because of its proximity to the bridge and views of adjacent Surfside rather than open bay. It was listed on and off since February 2008 with a starting price of $11,900,000 then $15,000,000 and then $9,700,000 – I’m guessing the owners were not too happy to let it go for $6 million Indian Creek stays above water and current inventory is only 2 active homes:  one for the house at 38 Indian Creek for $14.9 million and the other at 40 Indian Creek for $12.9 million.  I’m thinking the island will keep defeating the odds from the rest of Miami Beach – making Mr. Braman feel good about his decision to stick around.

Leave a Reply