Jeff Bezos pays $87 million for third Miami mansion
Amazon founder Jeff Bezos and Lauren Sánchez Bezos are renovating the property as they plan a larger custom-built estate on Indian Creek Island.
Amazon founder Jeff Bezos purchased a third mansion on Florida's Indian Creek Island for $87 million in 2024, according to the Times of India. The Mediterranean-style property, which sits on approximately 1.84 acres, is being used as a primary residence by Bezos and Lauren Sánchez Bezos.
The couple is currently renovating the house while plans progress for a larger residential project. They intend to demolish two neighbouring mansions, which Bezos acquired in 2023 for $68 million and $79 million, to build one custom-built estate.
Renovations at the $87 million property include the installation of a private gym in the former garage and a private pickleball court. The garage conversion involved replacing the original door with new industrial-strength doors costing over $100,000.
The grounds are being transformed with exotic trees, such as Japanese yews and Brazilian Beauty Leafs, to increase privacy. Other outdoor additions include statues, paved pathways, and an expanded poolside dining area under a floral canopy.
Bezos relocated his primary residence from Washington state to Florida in 2023 to be closer to family. A February 2024 report by CNBC estimated the move could help him avoid at least $610 million in taxes compared to living in Washington.