In the heart of Miami’s Bay Harbor Islands, an ultra-luxury boutique development known as Indian Creek Residences & Yacht Club is making waves in the real estate world. And at the center of this remarkable development, Penthouse 1 has shattered records before it was even publicly listed, setting new benchmarks for luxury living in the area.

Penthouse 1 at Indian Creek Residences & Yacht Club boasts a jaw-dropping asking price of $12 million, making it an unparalleled gem in the world of luxury real estate. What truly sets this penthouse apart is not just its price tag but the sheer extravagance it offers in return. This penthouse has redefined luxury living, not only for Bay Harbor Islands but for Miami as a whole.

The penthouse’s sale has rewritten the record books in terms of both total sale price and price per square foot for Bay Harbor Islands. To put it in perspective, the previous record for a condo sale on these islands was $3.325 million, a record that stood since 2014. Penthouse 1’s astonishing sale price illustrates the area’s evolution into a premier destination for luxury real estate.

One of the penthouse’s most captivating features is its breathtaking view of the exclusive Indian Creek Island, often referred to as the “Billionaire’s Bunker.” This island enclave is home to some of the world’s wealthiest individuals, including the likes of Jeff Bezos, Tom Brady, and Ivanka Trump. Penthouse 1 not only provides a front-row seat to this world of opulence but also immerses you in it.

Spanning an expansive 5,293 square feet, Penthouse 1 offers a full-floor living experience like no other. With 75 feet of unobstructed waterfront views, a private terrace, and a wine wall feature, this penthouse epitomizes the pinnacle of luxury living. Residents also enjoy access to a remarkable array of amenities, including one of the area’s exclusive private yacht clubs, a rooftop pool, spa, fitness center, outdoor screening lounge, and much more.

The sale of Penthouse 1 comes less than three months after Indian Creek Residences & Yacht Club initiated sales, underscoring the robust demand for luxury new developments in Bay Harbor Islands. The area has seen remarkable growth, with the average closed price increasing by 117% since 2019 and the average closed price-per-square-foot rising by 85%. Bay Harbor Islands are rapidly becoming a sought-after luxury destination in Miami, offering a sense of community and neighborhood charm.

Behind this masterpiece of a development is Landau Properties, a New York City and Miami-based developer led by Jonathan Landau. Indian Creek Residences & Yacht Club comprises nine luxurious condominium homes and six coveted yacht slips, making it one of the few places to experience a private yacht club in the area.

Architect Kobi Karp, a prominent figure in Miami’s architectural scene, has designed the eight-story waterfront development. With interiors by Linda Zarifi of Zarifi Design, this project represents Zarifi’s first ground-up condo venture in Miami. The building’s design takes inspiration from Bay Harbor’s mid-century modern architecture, featuring curved edges, natural materials, and sculptural details that seamlessly blend with the lush tropical landscaping by Enea Garden Design, creating a resort-like atmosphere.

Apart from its elegant homes, Indian Creek Residences & Yacht Club offers an array of resort-style amenities. The owners’ yacht club and private marina, complete with dockmaster concierge services, outdoor lounges, and a bar, provide the ultimate yachting experience. Residents can also indulge in a world-class spa, a state-of-the-art fitness center, an outdoor yoga lawn, and various entertainment spaces, including The Parlour and a 2,600-square-foot landscaped rooftop terrace with a pool, private dining area, outdoor kitchen, and bar.