Spanish singer-songwriter Julio Iglesias is offering four undeveloped, adjoining waterfront lots in Miami's wealthy Indian Creek Village at $37.5 million a piece.
Iglesias listed lots 4, 5, 6 and 7 Thursday, which combined total 8 acres on Biscayne Bay in one of South Florida's wealthiest islands. His total asking price is $150 million.
Jill Eber and Jill Hertzberg of "The Jills" residential team at Coldwell Banker are marketing the property.
Eber described it as a trophy property unlike any other in the country.
"I don't think there's anything that's like this," she said. "This property is so special. It's an amazing opportunity for somebody who wants the best of the best."
The luxurious island in Biscayne Bay, nicknamed "billionaire bunker," is home to Iglesias himself, Brazilian supermodel Adriana Lima and local developers Jackie and Jeffrey Soffer.
Celebrities and business moguls alike are lured to Indian Creek for its tropical beauty, exclusiveness and security, Eber said. The buyer will most likely be someone looking to build the "most magnificent estate imaginable."
Iglesias, whose son Enrique is also an internationally known singer, is selling the land because he decided not to develop it himself, Eber said. Each lot measures 80,000 square feet and collectively feature 800 feet on the water.
"With an extremely rare and incredible amount of lot space and water frontage, this listing is an unbelievable gem," Hertzberg said in a news release.
Only 40 properties occupy Indian Creek, each a grand estate. The mansions were built along the shore surrounding an 18-hole golf course at its center. The village has its own police force and 24-7 armed boat patrol.
If sold at its asking price, the deal would break down to $18.75 million per acre.
Higher prices have been met across South Florida.
In 2015, a 2-acre Key Biscayne property home to the former Matheson family estate sold for $47 million, or $23.5 million per acre. Billionaire Kenneth Griffin purchased a 4-acre lot in Palm Beach for $85 million this year, paying $21.25 million per acre.
"It's always challenge to find the right buyer for a property no matter what it is," Eber said.