Friday, October 13, 2006

South Florida Luxury Communities Make Forbes List

South Florida Luxury Communities Makes Forbes List

By Mary Damiano

Luxury is alive and well in the Sunshine State. Two South Florida communities have made the Forbes list of most expensive gated communities in the United States.

According to Forbes magazine, Indian Creek on Indian Creek Island in Miami-Dade County is the fifth most expensive gated community in the country, while The Sanctuary in Boca Raton rounds out the list at number 10.

Indian Creek is an exclusive enclave with less than 40 residents. Its low population and extreme wealth of those living on the island makes it the eighth highest income place in the United States, according to 2000 census.

The most expensive property in Indian Creek features seven bedrooms, a whopping twelve bathrooms, a library, a tropical pool, staff quarters, 200 feet of water front, and a four-car garage—just the place to park the Ferrari, Jag, Rolls and Porsche. Residents of the island also enjoy a private 18-hole golf course. The cost for all this luxury and exclusivity? A mere 26.3 million.

If that’s too high a price tag, luxury lovers can travel up the coast to Boca Raton where they’ll find The Sanctuary. The most expensive property listed in this community is an Italianate villa on the water, which features seven bedrooms and eight bathrooms, an English pub room and chef’s kitchen, just the thing for the next time good buddy Emeril stops by to whip up dinner. The price tag? Only $22.5 million.

Of the other communities on the list, two were located in Hawaii and eight were in California.

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