A trio of luxury waterfront estates on Miami Beach's Palm Island is re-listed for $150 million, a record price for the area. The properties, now being sold as a package by Jorge Luis Garcia and the Adria, Maria, Adrian Almeida Trust, were initially put up for sale in 2023. Real estate expert Fredrik Eklund emphasizes the unique opportunity this presents due to the rarity of prime waterfront land. The estates offer flexibility for larger families and the scarcity in comparable inventory has driven the decision to sell at this premium price.
At the moment, there is nothing available on the market that can compare or that even will come close to this listing.
It doesn't work for everyone, but the three houses together give the new buyer a lot of flexibility, especially for larger families like royals with big staffs and security needs.
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