Jeff Bezos has reportedly added a $69.5 million oceanfront property to his South Florida real estate holdings. The Golden Beach estate, purchased through a limited liability company, is about a half-hour drive from his Indian Creek compound. Bezos has not publicly confirmed that he is the buyer, and the transaction’s ownership remains unverified.
Key takeaways
- Public records show Meridian Coast LLC paid $69.5 million for the property in September.
- The 17,500-square-foot estate has seven bedrooms, 12 bathrooms and 100 feet of water frontage.
- If Bezos is the buyer, the home would expand a South Florida portfolio he began building after moving from Seattle in 2023.
The reported deal set a record for a single-family home in Golden Beach, according to The Real Deal. The purchase price was below the property’s original $88.5 million asking price.
What is known about the purchase
Fortune reported that public records identify Meridian Coast LLC as the buyer but do not reveal the person behind the company. Real estate agents and other local sources have pointed to Bezos, though he has not confirmed the reports. His representatives did not immediately respond to Fortune’s request for comment.
The estate at 255 Ocean Boulevard includes a guesthouse, pool and spa. It was listed for $88.5 million in February before its asking price was reduced to $79.5 million, according to records reviewed by Fortune.
Why another nearby home may appeal
The property is roughly a 30-minute drive from Indian Creek, the exclusive man-made island where Bezos owns a compound reportedly valued at $237 million. Miami real estate broker Mendel Fellig told Fortune that wealthy buyers may seek a second home for a distinct amenity—in this case, direct access to a private stretch of beach—rather than simply more living space.
Using an LLC can also make it harder to connect a property to its owner in public records. Such ownership structures have become more common among wealthy buyers concerned about privacy and security. However, real estate professionals caution that high-profile sales do not automatically establish a new market value for neighboring homes.
A wider South Florida luxury market
Bezos moved to Miami in 2023, saying he wanted to be closer to his parents and Blue Origin’s Cape Canaveral operations. Florida’s lack of a state income and capital-gains tax has also been financially significant: Fortune previously cited an estimate that he avoided about $1 billion in taxes in 2024 compared with what he might have owed in Washington state on Amazon stock sales.
South Florida luxury agents describe strong interest from domestic and international buyers, alongside limited availability of comparable properties. Prosper Group CEO Jay Roberts told Fortune that Miami-Dade residential sales above $30 million had already surpassed the prior annual record. Whether demand will keep pushing prices higher remains uncertain, and a single headline-grabbing deal does not settle that question.