Miami estate sells for a record $50 million

The Alexander Team | Douglas Elliman

Mansion on Indian Creek Island, Miami.

The ultra-modern home stretches over 20,000 square feet on 2 acres overlooking Biscayne Bay. It has 10 bedrooms, 14 bathrooms, a 3,000-square-foot master suite, rooftop lawn, chromotherapy spa, a 3D movie theater and two kitchens. It also has a 100-foot swimming pool.

The transaction was brokered by Tal Alexander and Oren Alexander of Douglas Elliman.

The question of whether the sale will officially be the most expensive ever in Miami will remain a source of debate. Ken Griffin, the Chicago-based hedge-fund manager, bought two apartments — a penthouse and unit below — in the Faena House in 2016 for $60 million. But that sale was for a condo, and the Indian Creek home is a record for a single-family home.

The Alexanders represented the seller and Ralph Arias of ONE Sotheby’s represented the buyer.

Griffin never combined the two units and they are now for sale.