Ted Cruz, a real estate investor-influencer who made his wealth in Section 8 housing, spent $17.8 million for a waterfront mansion in Miami — setting a record in the Belle Meade neighborhood.  The 8,200-square-foot, six-bedroom house at 1125 Belle Meade Island Drive was last asking  $18.9 million, which means it sold for a 6 percent […]

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RE Investor/Influencer Tom Cruz Pays $18M for Miami Mansion

Real Estate Investor-Influencer Tom Cruz Buys Miami Mansion for $18M

Record-Breaking Purchase in Belle Meade Neighborhood

• Ted Cruz made his wealth in Section 8 housing
• Purchased 8,200-square-foot, six-bedroom waterfront mansion
• Address: 1125 Belle Meade Island Drive
• Last asking price: $18.9 million
• Sold for a 6% discount at $17.8 million

Implications for the Real Estate Market

• High-profile purchase may attract more attention to the area
• Increased demand for luxury homes in Miami
• Potential impact on local real estate prices

Expert Insight from Realtor Jessica Fulk

“This record-breaking purchase by Ted Cruz showcases the growing demand for luxury homes in Miami. As a real estate expert, I believe this high-profile acquisition may attract more attention to the Belle Meade neighborhood and potentially impact local real estate prices.”

Questions to Consider

Jessica Fulk suggests asking the following questions when considering the implications of this purchase:

• How will this high-profile purchase affect the local real estate market?
• Will this attract more investors and homebuyers to the area?
• What does this mean for the future of luxury homes for sale in Miami?

In conclusion, the recent purchase of a Miami mansion by real estate investor-influencer Ted Cruz has set a new record in the Belle Meade neighborhood. This high-profile acquisition may have significant implications for the local real estate market, attracting more attention to the area and potentially impacting property prices. As a real estate expert, Jessica Fulk encourages readers to consider the questions posed above and engage in thoughtful discussions about the future of luxury homes for sale in Miami.

Orginal article: Link To Article – provided by Kansas City Realtors