In a record-setting real estate transaction that has sent ripples through Miami’s luxury property market, a vacant 1.84-acre lot on Indian Creek Island has sold for a staggering $105 million, as per Forbes reports. This isn’t just any neighbourhood. Indian Creek, often dubbed the “billionaire bunker,” is a hyper-exclusive, man-made island that’s home to some of the world’s most powerful and wealthy figures, including Amazon founder Jeff Bezos, Ivanka Trump, Jared Kushner, and NFL legend Tom Brady. With just 41 properties and its private police force, the island offers the kind of privacy, security, and prestige that attracts the elite.The seller, German developer Mikhail Peleg, originally purchased the land for $27.5 million in 2018. The recent all-cash deal marks a near fourfold return on his investment, setting a new price record for the island and raising the bar on what land, let alone a developed mansion, can fetch in one of America’s most secretive enclaves. This high-stakes, high-tech neighbourhood is now squarely on the radar of both real estate watchers and Silicon Valley insiders.

The $105 million sale smashes the island’s previous record set just a year ago in May 2024 when Jeff Bezos paid $87 million for his third property on Indian Creek. Peleg’s lot, which faces Biscayne Bay to the west, shares borders with two of Bezos’ neighbouring parcels, which the Amazon founder acquired for $68 million and $79 million, respectively, in 2023.

Initially listed for an eye-popping $200 million in late 2024, the plot saw immediate attention from ultra-high-net-worth buyers around the world. By the first day of listing, multiple offers poured in, many hovering close to the $100 million mark, according to listing broker Ilya Reznik.“Strategically, it’s the best piece of land in Miami,” Reznik said. “You’re not just buying dirt. You’re buying access to a world most people don’t even know exists.”

Mikhail Peleg had once intended to build a dream home on the lot, but shifted plans after deciding not to move to the US The surging real estate values on Indian Creek were a compelling reason to sell.“He’s a savvy investor. The timing was right,” said Daniel Rudoy, Peleg’s attorney. “When you’re sitting next to Bezos’ compound and demand is this hot, you don’t wait around.”To finance the original purchase, Peleg took out a $20 million mortgage, later refinancing and expanding it to $41 million. Interestingly, the refinancing was tied to a business entity connected to British billionaires David and Simon Reuben, adding another layer of intrigue to the deal among the billionaire community.

Indian Creek isn’t just about property, it’s about power, privacy, and presence. The island is patrolled by its police department, surveillance boats circle its shores, and no one gets on or off without notice. Air surveillance adds another layer of protection.“It’s like a fortress,” Rudoy explained. “There’s no place like it in the US, maybe not even the world.”Unlike sprawling estates in Beverly Hills or Manhattan’s penthouses, Indian Creek offers complete isolation with immediate water access, giving its residents the ability to sail in and out without setting foot on public roads. It’s no coincidence that the richest man in the world chose this island for his escape.

Indian Creek’s real estate prices have skyrocketed in the past two decades. In the early 2000s, waterfront homes on the island were selling for single-digit millions. By the 2010s, prices were averaging above $30 million. But the arrival of Jeff Bezos, along with a wave of tech executives and hedge fund magnates, has redefined the ceiling.“Bezos changed everything,” said Dina Goldentayer, a luxury real estate agent at Douglas Elliman. “When you see that kind of capital pouring in, suddenly $100 million doesn’t seem outlandish anymore.”With Peleg’s record-setting sale, other property owners on Indian Creek are likely to adjust their expectations and their listing prices accordingly.“Now, anyone with a house is going to say, ‘If the dirt is worth $105 million, what’s my estate worth?’” Goldentayer added.

The Indian Creek sale signals a broader trend: the convergence of extreme wealth, technology, and geographic retreat. In a post-pandemic world shaped by security concerns, remote work, and digital empires, high-profile figures are increasingly drawn to controlled environments like Indian Creek.“Buyers call me and say, ‘I want in on Indian Creek. What’s the entry point?’” Goldentayer shared. “Sometimes the price doesn’t even matter; it’s about access.”This trend is mirrored across global elite enclaves from London’s Billionaires’ Row to the Hamptons, but Indian Creek’s complete privatisation and proximity to Latin America’s wealth corridors give it a uniquely strategic edge.