Tom Cruz Acquires Waterfront Miami Mansion For $17.75M From Hugo Ledezma

A waterfront Miami mansion located at 1125 Belle Meade Island Drive in the prestigious Belle Meade neighborhood has been sold in a recent transaction. The single-family property spans an area of 0.28 acres and offers luxurious living spaces. The transaction took place in the Miami market.

Summary of transaction details:

• Property Type: Single Family
• Address: 1125 Belle Meade Island Drive
• Market: Miami
• Acres: 0.28
• Buyer: Tom Cruz
• Seller: Hugo Ledezma
• Brokers: Nancy Batchelor, Michelle Shurtleff, Minette Schwartz, and Ida Schwartz - Compass
• Sale Price: $17,750,000
• Square Footage: 8,222
• Price Per Square Foot: $2,159

In this transaction, the buyer, Tom Cruz, acquired the waterfront mansion. The sale price of $17,750,000 reflects a 6% discount from the property's initial listing price of $18.9 million. This purchase sets a new record for the Belle Meade neighborhood. The mansion offers an expansive 8,222 square feet of living space and features luxury amenities such as a 14-car garage, theater, wine cellar, infinity pool, and a dock.

Tom Cruz, a prominent real estate influencer known for his Section 8 housing investments, owns nearly 700 housing units across four states. This acquisition adds to his impressive portfolio and showcases his continued success in the real estate industry.