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Billionaire Eddie Lampert to buy the Indian Creek Island mansion for $40 million

Andrea Divirgilio / March 7, 2012

When Sears Holding Corporation reported a $2.4 billion loss in the last quarter of 2011, it really wasn’t going to look good for its billionaire Chairman Mr. Edward Lampert. But, the man seems to have done something totally contrary to that, by splurging $40 million on a private mansion estate in Florida’s rather exclusive Indian Creek Island. Currently he is under contract to buy this exclusive mansion estate which will promise him pristine views of the ocean, lush green surroundings around the exterior of the mansion, and of course the modern reconstruction of the mansion interiors. With that, celeb neighbors would include the likes of Beyonce Knowles, Enrique and Julio Iglesias, Adriana Lima, and also Charles Johnson. This price paid will also make it the most expensive single-family home in that particular county.

Indian Creek Mansion estate bought by Eddie Lampert

Sitting on 2.7 acres of land, the estate includes the main 17,000 square foot mansion, which will have most modern amenities including a private reflective pool, but what creates a setting of exclusivity is the arrival court of mansion. Reminds us much of what we would see in the grandeur of movies, almost! The other interesting fact about this place is that it currently belongs to Paul Cejas, the chairman of PLC Investments and his wife, Trudy who have spent an almost equal amount of the final price trying to redo the place. Over a period of a few years, they managed to get the mansion bought down and redone in an Italian avatar, which is known to its intricate craftsmanship and unique setting. What this means for Mr. Lampert is, he will be moving into this exclusive place when it almost new and it the zenith of its quality. Even Jorge Uribe, a Senior VP in Sotheby’s International Realty division testifies to it.

With the likes of Joe Brenan, Axel Vervoodt, and Peter Wirtz racking their brains over a place, it had to be something great. So much so, there isn’t much info about the place in general! However, we had covered a $60 million Indian Creek house last year as well, which was known for its modern designing and exclusive neighborhood.

Via: Bloomberg

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