Florida Estate Sells for Record $47M

Miami-Dade property has a beach imported from Bahamas
By Dustin Lushing,  Newser Staff
Posted Aug 8, 2012 5:11 PM CDT
Florida Estate Sells for Record $47M
A home in Florida sold for $47 million, setting a record in Miami-Dade county for single-family houses.   (Shutterstock)

Another sign that luxe housing is making a rebound? A Florida estate has sold for $47 million, a record for Miami-Dade County, reports the Wall Street Journal. The buyer was an unidentified Russian. The newly built estate was initially on the market for $60 million, but even with the price cut, it set a single-family home sale record. "The market has changed dramatically for the super high end," says a local broker. "These are prices that we've never, ever seen before."

So what do you get for that absurd amount of cash?

  • 30,000 square feet with glass walls peering out onto Biscayne Bay
  • 10 bedrooms
  • A 3-D movie theater
  • A private beach, complete with several tons of sand imported from the Bahamas
  • A wine cellar with fingerprint ID security
  • Access to the private golf course on the small gated island where your house is located
  • One of your neighbors is Julio Iglesias
Need to see photos? See the full story at the Journal. (More real estate stories.)

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