Billionaires create compounds for privacy and status — and their neighbors get richer, too
Friday, January 3, 2025
"𝙏𝙃𝙀 𝘽𝙀𝙕𝙊𝙎 𝙀𝙁𝙁𝙀𝘾𝙏 𝙄𝙎 𝘾𝙃𝘼𝙉𝙂𝙄𝙉𝙂 𝙎𝙊𝙐𝙏𝙃 𝙁𝙇𝙊𝙍𝙄𝘿𝘼'𝙎 𝙋𝙍𝙄𝘾𝙄𝙉𝙂 𝙇𝘼𝙉𝘿𝙎𝘾𝘼𝙋𝙀...a roughly 80,000-square-foot vacant lot neighboring Bezos' property hit the market in December 2024, asking for $200 million, a little more than what the billionaire paid for the two lots...the Bezos Effect has spilled off the island to nearby neighborhoods like Bal Harbour and Surfside, which sits just across the water from Indian Creek and has similar views." (Article link below.) https://www.businessinsider.nl/billionaires-create-compounds-for-privacy-and-status-and-their-neighbors-get-richer-too/