12 Indian Creek Dr.
Steel tycoon Leroy Schecter reduced the listing price of his Indian Creek manse on Wednesday from an initial $45 million to $37 million, EWM broker Nelson Gonzalez told The Real Deal.
The octogenarian chairman of Marino/Ware Industries bought the seven-bedroom, 10-bathroom, 16,474-square-foot home at 12 Indian Creek Dr., an intracoastal-facing site on the island that is among Miami Beach’s priciest zip codes, for $18.65 million in April 2006, according to Miami-Dade property records.
Neighbor Eddy Lambert, the chairman of Sears, recently sold his property at 14 Indian Creek for $40 million, while a property at 3 Indian Creek sold for $47 million.
Schecter’s property, which went on the market in May 2012 for $45 million, experienced a change in valuation, Gonzalez said.
“We felt a price reduction was necessary to move the house,” he said.
Schecter expanded the square footage by fitting out the basement, adding about 5,200 square feet of living space, Gonzalez said.
via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/smvdf1zx0p4/
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