Julio Iglesias: in Demolision mode again!

By
Real Estate Agent with Beachfront Realty 3220434

 

 

 

 

 

 

 

 

 

 

 

 

Singer Julio Iglesias has paid $15.2 million for a home adjacent to the empty tract he owns on Indian Creek Island in an off-market transaction.

 Iglesias intends to demolish the property, which is located at 7 Indian Creek Drive, to build a new home. 

It had been owned by Baltimore developer Paul Frederick Obrecht, who died in November.

Obrecht paid just $775,000 for the property in 1981, according to the Miami Dade County Property Appraiser’s office.

The six-bedroom, five-bathroom, 5,504-square-foot home had an assessed value of $7.73 million last year, according to the Miami-Dade County Property Appraiser’s office.

Iglesias’ manse at 5 Indian Creek Drive was listed for $28 million in 2006, among the most expensive homes in the United States at the time.

After failing to sell it, the singer demolished the property in 2008. It remains a vacant lot. I had been to a party at this tropical oasis of a home (think Hawaiian resort style) and it was a shame to see it be bulldozed but it didn't have all the grandness required these days of properties in that price range.

 

Posted by

It's a Fabulous day in Florida and now is a great time to buy or sell.....

Don't make a MOVE without Marco!

Over 25 years serving the South Florida area

 

 

 

 

 

 

 

 

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Florida Miami-Dade County Indian Creek Village
Groups:
Realtors®
Almost Anything Goes
Posts to Localism
Addicted to Active Rain

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
5,227,357
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Marco Giancola it's tough to take my eyes off Julio's handsome face....I can imagine the mansion of a home that will be built on that parcel....

Jul 02, 2015 11:46 PM #1
Rainmaker
699,027
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Perfect place to build the perfect little mansion.  When money is no object the world is at your feet.

Jul 03, 2015 12:14 AM #2
Rainmaker
846,015
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Barbara Todaro yes indeed on all counts. The lots there are 1 acre each so his new house will be built on 3 acres and for a private island with an 18 hole golf course for the sole use of its 50 residents that's impressive!

Jul 03, 2015 12:32 AM #3
Rainmaker
846,015
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Chris and Dick Dovorany trust me there will be nothing "little" about this one!

Jul 03, 2015 12:33 AM #4
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Marco.  I can't believe how they throw around million like dollars.

Jul 03, 2015 06:32 AM #5
Rainmaker
846,015
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Conrad Allen it is truely amazing isn't it?

Jul 03, 2015 09:14 AM #6
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Amazing is not the word I would use.

Jul 03, 2015 12:16 PM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
846,015

Marco Giancola

Realtor (305)608-1922, Miami Beach Florida
Contact me for a free market report of your homes value.
*
*
*
*
Spam prevention

Additional Information