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Jeff Bezos buys a $90 million Florida mansion to live in, while his other newly purchased $147 million homes are ‘demolished’ for a mega mansion

Jeff Bezos, the second richest person in the world with a net worth of $203.7 billion, has made significant real estate moves on Florida’s exclusive Indian Creek Island, popularly known as ‘Billionaire Bunker’.

Bezos’ acquisition spree started with the purchase of two mansions for a total of $147 million. Bezos didn’t stop there: Bezos recently added a third property to his collection for $90 million.

The house, with six bedrooms and nine bathrooms, was acquired by Bezos in an off-market deal. Property records show the home was last sold in 1998 for $2.5 million to banker Javier Holtz.

Despite the luxury features, Zillow’s valuation of the property is approximately $41 million, significantly lower than the price Bezos was willing to pay for it. This discrepancy highlights the premium Bezos has placed on the property, possibly due to its location, exclusivity, or potential as a custom home site beyond its estimated market value.

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Bezos’ latest real estate purchases are located next to the homes of Ivanka Trump and her husband Jared Kushner, as well as famed NFL quarterback Tom Brady. Located in one of the most expensive neighborhoods in the United States, Indian Creek is home to just 80 homes, each housed in sprawling mansions. These homeowners enjoy exclusive amenities including a private golf course and country club, highlighting the area’s luxurious lifestyle.

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The latest reports from Bloomberg suggest an ambitious plan: Bezos plans to demolish the first two properties to make way for a massive mansion. However, this plan has not been officially confirmed by Bezos himself.

Outside the realm of luxury real estate, Bezos’ move to Florida makes strategic sense and coincides with the sale of Amazon stock worth about $8.5 billion. Florida’s tax climate, known for its lack of a state income tax, offers a significant tax advantage, especially for wealthy individuals who handle large transactions, like Bezos.

Bezos’ latest real estate deals and his decision to sell Amazon shares open a new chapter in his life, combining personal desires with a move to Florida, known for its favorable tax laws. His move to Miami, which brings him closer to his family and his aerospace company Blue Origin, highlights a mix of reasons for the move, including personal, professional and tax-related benefits.

While Bezos’ real estate moves are out of reach for most people, entering the real estate industry doesn’t require millions.

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You can find opportunities to invest in real estate with as little as $100 through this Bezos-backed company, real estate investment trusts (REITs), or crowdfunding websites, which offer individuals a way to invest in real estate and real estate projects with minimal upfront costs. capital. These options provide a way for almost anyone to get their foot in the door of the real estate market, democratizing the opportunity to invest in this traditionally high barrier industry.

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This article Jeff Bezos buys a $90 million Florida mansion to live in, while his other newly purchased $147 million homes are ‘demolished’ for a mega mansion. Originally appeared on Benzinga.com

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