Key Takeaways
- • A Delaware LLC, Meridian Coast LLC, reportedly paid $69.5 million in September for a 17,500-square-foot oceanfront estate at 255 Ocean Boulevard in Golden Beach, Florida, according to a Fortune public records search.
- • Agents and sources pointed to Jeff Bezos as the likely buyer, per The Real Deal, but Bezos has not publicly confirmed the purchase.
- • The sale set a record for a single-family home in Golden Beach and sits about 30 minutes from Bezos's $237 million compound in Indian Creek.
- • The property had been listed in February at $88.5 million and was later cut to $79.5 million before selling for $69.5 million.
- • Brokers cite a shortage of comparable inventory and record Miami-Dade sales above $30 million as drivers of continued demand for ultra-luxury residences.
Summary
A Delaware LLC, Meridian Coast LLC, paid $69.5 million in September for a 17,500-square-foot oceanfront estate at 255 Ocean Boulevard in Golden Beach, an exclusive oceanfront town in Miami-Dade County, according to a public records search by Fortune. The LLC structure keeps the buyer's identity out of public view. Agents and other local sources have pointed to Jeff Bezos, according to The Real Deal, and say he would likely use the property as a beach house. Bezos has not publicly confirmed the transaction, and his representatives did not immediately respond to Fortune's request for comment.
The property has seven bedrooms, 12 bathrooms, a guesthouse, a pool, a spa, and 100 feet of water frontage. According to public records reviewed by Fortune, it was listed in February for $88.5 million and later reduced to $79.5 million. The deal set a record for a single-family home in Golden Beach, per The Real Deal. The home is about a 30-minute drive from Bezos's compound in Indian Creek, a 300-acre man-made island known as the "Billionaire Bunker." Mendel Fellig, founder of the Mendel Fellig Group at Compass, told Fortune that buyers at this level often want additional waterfront properties for lifestyle reasons, noting that Golden Beach offers direct access to a private beach. Devin Kay of Douglas Elliman told Fox Business that South Florida's billionaire buyer pool has broadened to include international business owners, hedge fund executives, and technology founders.
Bezos began building a Miami property portfolio after relocating from Seattle in 2023, citing proximity to his parents and Blue Origin's Cape Canaveral operations. Fortune previously reported that Florida's lack of state income and capital gains taxes saved him an estimated $1 billion in 2024, based on a Forbes calculation of roughly $954 million in Washington State capital gains tax on his Amazon stock sales that year.
Brokers describe a market constrained by limited supply. Fellig said one client bought a home for $30 million and declined a $35 million offer a month later because there was nowhere comparable to move. Fellig cautioned that headline sales can raise seller expectations without changing actual market values. Jay Roberts, CEO of Prosper Group and developer of Bugatti Residences Miami, said Miami-Dade residential sales above $30 million have already surpassed the previous annual record, citing buyers leaving higher-tax states and international buyers seeking stability, along with institutional investment including Carnegie Mellon's planned Miami campus, which Ken Griffin is funding with $2 billion of his $3 billion gift. Roberts told Fortune, "We believe Miami is still in the early stages of a growth cycle that will compound for decades."
The property has seven bedrooms, 12 bathrooms, a guesthouse, a pool, a spa, and 100 feet of water frontage. According to public records reviewed by Fortune, it was listed in February for $88.5 million and later reduced to $79.5 million. The deal set a record for a single-family home in Golden Beach, per The Real Deal. The home is about a 30-minute drive from Bezos's compound in Indian Creek, a 300-acre man-made island known as the "Billionaire Bunker." Mendel Fellig, founder of the Mendel Fellig Group at Compass, told Fortune that buyers at this level often want additional waterfront properties for lifestyle reasons, noting that Golden Beach offers direct access to a private beach. Devin Kay of Douglas Elliman told Fox Business that South Florida's billionaire buyer pool has broadened to include international business owners, hedge fund executives, and technology founders.
Bezos began building a Miami property portfolio after relocating from Seattle in 2023, citing proximity to his parents and Blue Origin's Cape Canaveral operations. Fortune previously reported that Florida's lack of state income and capital gains taxes saved him an estimated $1 billion in 2024, based on a Forbes calculation of roughly $954 million in Washington State capital gains tax on his Amazon stock sales that year.
Brokers describe a market constrained by limited supply. Fellig said one client bought a home for $30 million and declined a $35 million offer a month later because there was nowhere comparable to move. Fellig cautioned that headline sales can raise seller expectations without changing actual market values. Jay Roberts, CEO of Prosper Group and developer of Bugatti Residences Miami, said Miami-Dade residential sales above $30 million have already surpassed the previous annual record, citing buyers leaving higher-tax states and international buyers seeking stability, along with institutional investment including Carnegie Mellon's planned Miami campus, which Ken Griffin is funding with $2 billion of his $3 billion gift. Roberts told Fortune, "We believe Miami is still in the early stages of a growth cycle that will compound for decades."
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