Breaking News: Jeff Bezos’ Miami neighbor bought an empty lot for $27.5 million. Now, they’re asking $200 million — and it’s still vacant….see more

Ilya Reznik is representing the owners, who did not want to be identified. The owners bought the land for $27.5 million in 2018, the listing states.

Predesigns for a 25,000-square-foot estate on the property would be available to the buyer, according to the listing. Reznik told Business Insider that the $200 million asking price, which is negotiable, is because the lot is in “a very unique location.”

However, Bezos’ purchases have affected prices in the area. Bezos “did pay the numbers, which are really high,” Reznik said. “But now those prices are there and the market is there and higher.”

“It’s not just Indian Creek, but everywhere in Miami and on the islands,” Reznik said. “And if it’s new, if it’s a new build house, buyers are willing to pay premium. This is just what’s going on in Miami.”