Happy Saturday! Are you in the throes of planning your Spring Break trip? Learn from one mother who planned an epic family vacation for 18 family members that ended up being a “nightmare.” Ouch!
On the agenda:
But first: Hi, (billionaire) neighbor!
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This week’s dispatch
It pays to live next to a billionaire
A South Florida mansion — yet to be built — is on the market for $285 million. A vacant lot in Miami went on the market for $200 million. Meanwhile, Tom Brady reportedly may sell his newly built Indian Creek mansion after quietly receiving offers of $150 million.
Besides their eye-popping price tags and Florida locations, what do all of these properties have in common? They sit next to the homes of billionaires, whose presence alone is dramatically affecting the surrounding property values.
Billionaires undoubtedly affect our everyday lives — from job creation and politics (Hi, Elon Musk!) to philanthropy and even the media we consume. Where the nine-zero earners choose to live is also driving the market upward — and their neighbors are cashing in.
Stewart Satter, a former CEO who now develops real estate as a hobby, listed a $285 million to-be-built house in Manalapan, Florida. The property sits “next door to the Oracle cofounder Larry Ellison’s estate, which he paid $173 million for in 2022,” real estate reporter Jordan Pandy recently wrote. Satter’s price tag makes it the most expensive new home on the US market.
It’s the latest in a trend of properties with proximity to billionaires being put up for sale. About 70 miles north, Jeff Bezos’ neighbor listed an 80,000-square-foot vacant lot for $200 million in December 2024. It came after Bezos paid $68 million, then $79 million, and later $90 million for three properties in Indian Creek, Florida.
Ilya Reznik, who’s representing the owners who didn’t want to be identified, told Business Insider that the lot is in “a very unique location.”
Reznik is right. Tom Brady, Carl Icahn, and Jared Kushner and Ivanka Trump also own mansions in one of America’s wealthiest towns. And one bold-faced name seemingly wants in on the Bezos Effect, too. Brady is quietly receiving offers upward of $150 million on a home he bought in 2020 for $17 million.
Forget keeping up with the Joneses; it’s all about living next to the billionaires.
The millennial parenting paradox
As the cost of raising a child skyrockets, more women feel they need to delay motherhood until they’re more established in their careers. By the time they’re ready to have kids, they must juggle their high-pressure, prestigious jobs with the full-time demands of parenting.
“Having it all” — a successful career and a fulfilling home life — may be a myth, but all’s not lost. Fortunately, more parents are warming to a more balanced solution.
Working out for all stages of life
It’s no secret that exercise is crucial for living a longer life. If you want to be active and strong in your 80s, it’s never too early to start training for it.
One of the biggest fitness mistakes is failing to prioritize long-term fitness goals, Ollie Thompson, a UK-based personal trainer who specializes in longevity, said. He shared workout advice for training based on your age — from prioritizing strength workouts in your 20s to adding stability movements in your 40s.
Kristen Bell’s 5-to-9
Actor Kristen Bell knows how difficult it can be to fit a workout into a busy schedule. She relies on “exercise snacking” whenever she can’t make it to the gym to lift weights. The method involves intermingling one-and-a-half-minute segments of exercise throughout the day.
The Golden Globe-nominated actor also typically microwaves dinner for her family. Bell gave a glimpse into her life and shared with BI how she spends the hours in the day she’s not working.
Juggling family time and exercise.
Exploring the Silicon Slopes
On her first trip to Utah’s Silicon Slopes, BI’s Joey Hadden thought she knew what to expect — skiing, tech, and celebrity estates.
The region, which includes Salt Lake City and Park City, met those expectations, but a few things still surprised her. From a bustling suburban tech scene to a ski lift in the heart of downtown Park City, Hadden got a sense of what it means to work and play in the Silicon Slopes.
These unexpected delights made her want to revisit.
What we’re watching this weekend
What to shop
More of this week’s top reads:
The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York City. Grace Lett, editor, in New York. Lisa Ryan, executive editor, in New York. Amanda Yen, associate editor, in New York. Elizabeth Casolo, fellow, in Chicago.
The post Billionaires’ neighbors are cashing in by selling their properties appeared first on Business Insider.
