Developer Todd Micheal Glaser buys Indian Creek Waterfront Mansion for $24 Million
Developer, Todd Michael Glaser is a Miami native and a well-known developer who has made a name for himself with projects like 1000 Museum. Most recently, Glaser and his partners purchased an Indian Creek mansion for $23.8 million. The property was originally listed in October 2020 for $20 million and taken off the market in March 2021.
The Indian Creek waterfront mansion is located at 37 Indian Creek Road featuring 7,236 square feet of living space set on 1.2 acres. This 3 bedroom, 4 bathroom estate boasts an expansive brick driveway leading to a Mediterranean-style home. The large pool overlooks Biscayne Bay with a 20-foot boat dock.
The seller of the home was Don Francisco, host of 'Sábado Gigante' a Spanish language variety show that showcased musicians and comedians. He hosted the show for 53 years ending in 2015 and returned to TV with a new show "Don Francisco Te Invita." Francisco originally purchased the property in 1993 for $2.6 million and has made several updates throughout the years.
Glaser and his partners plan on demolishing the home to build a mansion double the size and double the value. With the help of architect Kobi Karp, this new estate will be one of a kind. It will feature 2 pools and with plans on being listed around $50 million. The anticipated completion for construction is set for December 2021.
Indian Creek Island is a gated island north of Miami Beach. It has its own police force that patrols 24 hours a day. Billionaires are known to call this place home because of the security and exclusiveness it offers.
Notables like Ivanka Trump and Jared Kushner as well as Hotels.com co-founder Bob Diener own properties on the island. Last year alone, Tom Brady and his wife, Gisele Bundchen purchased a lot for $17 million, where they plan on building a new estate.
There is only one property currently on the market on Indian Creek Island. The property located at 29 Indian Creek Drive is listed for rent at $100,000 monthly and features 4 bedrooms, 4.5 bathrooms with gorgeous southern exposure of Biscayne Bay. For more information on this property or about Indian Creek Island, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
