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Forbes: Super Swanky Homes Sold in Secret

Indian Creek Island Compound, Miami, FL

Purchase Price: $38.4 million in April 2012
Buyer: Edward Lampert, hedge fund billionaire
Seller: Paul Cejas, chairman of PLC Investments and former U.S. ambassador to Belgium

The hedge fund titan behind Sears Holdings Corp. dashed Miami-Dade County home sales records when he plunked down nearly $40 million on a 17,700-square foot Palladian villa in the exclusive golf course community. The 2.7-acre estate was crafted by architect Joe Brennan, interior designer Axel Vervoordt, and landscape architect Peter Wirtz. It touts seven bedrooms, 13 baths, a two-story portico supported by Doric-style columns, a terraced pool area and an "arrival court" with hedge-flanked reflecting pool. It wasn't technically listed for sale.

(Miami Beach Real Estate News)

More from Forbes:
Full Gallery: Super Swanky Homes Sold in Secret
South Florida's Billionaire Racehorse Facility
Highclere Castle, The Real-Life Downton Abbey

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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