Jeff Bezos’ neighbor paid just $27.5 million for a vacant Miami lot, then put it on the market for $200 million – Amazon.com (NASDAQ:AMZN)

an adjacent vacant lot Jeff Bezos’s The Miami property is up for grabs, with price tags as high as $200 million.

What happened: A 1.84-acre property on Indian River, a private island in Miami-Dade County, Florida, is reportedly for sale.

The island is often referred to as the “billionaire bunker” and is home to properties owned by high-profile individuals, such as Jared Kushner and Ivanka Trump, tom brady, Carl Icahnand Bezos.

According to Business Insider, the asking price for the land is $200 million, well above what Bezos paid for his three properties on the island.

In 2023, Bezos purchased a $68 million mansion and an adjacent property for $79 million, followed by a third acquisition worth $90 million in September.

real estate agent Ilya ReznikA representative for the anonymous owner told the outlet that the high asking price was due to the site’s “very unique location.” The owners originally purchased the land in 2018 for $27.5 million.

Also Read: How Jeff Bezos Made Amazon a Giant in Three Simple Steps

According to the listing, the land has 200 feet of Biscayne Bay waterfront, allowing potential owners to build a deepwater dock for a 180-foot megayacht.

Why it’s important: The sale of the site shows rising real estate prices in the Miami area, especially on Indian River Island. The island has seen a surge in high-profile buyers in recent years, driving up property values.

The land’s proximity to Bezos’ property further increases its value, given the Amazon founder’s popularity. The fact that the site is pre-designed for a large estate and has the potential for a deep water marina adds to its appeal to potential buyers looking for luxury and exclusivity.

The sale will be a significant one to watch as it could set a new benchmark for real estate prices on the island.

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This content is generated in part with the help of artificial intelligence tools, and is reviewed and published by Benzinga editors.