How much does it cost to live large in the Free State of Florida? In this neck of the state, quite a bit.<\/p>\n
Less than two months after the 13,000-square-foot \u201cScarface\u201d mansion in Key Biscayne, Florida, hit the market for a breathtaking $237 million<\/a>, a neighboring compound is being whisper-listed for a cool $125 million, The Post has learned.<\/p>\n We hear insurance tycoon Nicolas Estrella Sr., whose fortune was built on an eponymous auto insurance company, is offloading his waterfront lair with Douglas Elliman\u2019s Lourdes Alatriste and Kirsten Smith, who declined to reveal the seller\u2019s identity.\u00a0<\/p>\n The asking prices are stratospheric, but there may be some billionaires who bite.<\/p>\n With real estate tight in Miami\u2019s ultra-exclusive Indian Creek Island<\/a> \u2014 the \u201cbillionaire bunker\u201d where Facebook founder Mark Zuckerberg recently dropped a record $170 million<\/a> for an under-construction mansion \u2014 the uber-rich have been flocking to Key Biscayne in search of home.<\/p>\n The Post has learned that insurance tycoon Nicolas Estrella Sr. is offloading his 15-bedroom Key Biscayne pad. Legendary Productions<\/p>\n Estrella\u2019s house clocks in at over 14,000 square feet. The $125 million listing has wine storage. Legendary Productions<\/p>\n And whoever moves in would have some intimate company.<\/p>\n Key Biscayne is a 1.25-square-mile island \u2014 clocking in at approximately 5 miles long and 1.5 to 2 miles wide \u2014 in Miami-Dade County that is home to some 14,000-plus residents. Its composition is two-third parks and one third residential.\u00a0<\/p>\n Estrada\u2019s Key Biscayne home includes 15 bathrooms and two half-bathrooms. Legendary Productions<\/p>\n Key Biscayne has become a billionaire\u2019s paradise. Legendary Productions<\/p>\n The $125 million home has a pool. Legendary Productions<\/p>\n \u201cSince Key Biscayne hasn\u2019t really been in the spotlight, I think there\u2019s a lot more runway to work with as well as far more upside and more opportunity,\u201d than other exclusive Florida communities like Palm Beach and Manalapan, Smith said. \u201cManalapan is the only other market where you\u2019re seeing dual frontage waterfront opportunities and mass assemblages coming into play.\u201d<\/p>\n Celebrities have picked up homes in Key Biscayne, including Brad Pitt, Cher and Andy Garcia, the latter of whom still resides there. Key Biscayne draws powerful buyers in part because of its proximity \u2014 a 15-minute drive \u2014 to Brickell, where billionaires like Citadel founder Ken Griffin<\/a>, are opening offices. The island has just one road in and out (Rickenbacker Causeway), its own mayor, police and fire departments, schools, restaurants, private clubs and beach \u2014 and touts walkability. It is about 20 minutes to Miami International Airport.\u00a0<\/p>\n \u201cIt\u2019s a different world,\u201d Alastriste said. \u201cIt\u2019s like living in the Hamptons, but smaller. You have everything that you want there. People don\u2019t have to leave there.\u201d And it doesn\u2019t require a ferry to get to Florida\u2019s Fisher Island.<\/p>\n Brad Pitt once owned a home in Key Biscayne. SplashNews.com<\/p>\n Cher had a home in Key Biscayne. Getty Images<\/p>\n Andy Garcia still has a place in Key Biscayne. Best Image \/ BACKGRID<\/p>\n
\n Legendary Productions<\/p>\n