Tom Brady’s $17 million mansion is nearing completion as Newstimesuk.com aerial photos show the property’s original concrete frame is now complete and builders are currently fitting floor-to-ceiling windows and large air conditioning units.
Newstimesuk.com can reveal that the famed quarterback, who is worth more than $500 million, put nothing down to buy the property, but opted to borrow another $17 million in addition to taking out a huge mortgage for the entire amount.
The exclusive Indian Creek Island property in Miami was purchased with ex Gisele Bundchen in October 2020.
When the pair split last year, Brady took charge of renovating the building while Bündchen moved on to buy her own property on the waterfront.
Exclusive aerial images show construction of Tom Brady’s $17 million Creek Island mansion in Miami almost complete
Newstimesuk.com can reveal that Tom Brady, who is worth more than $500 million, took out a huge mortgage with monthly payments of around $90,083 plus property taxes, while ex-wife Gisele paid directly for her $11 million home.
The main concrete frame of the property is now complete and builders are currently fitting the floor to ceiling windows
When the pair split last year, Brady began renovating the building while Bündchen moved on to buy other properties across the water.
Large air conditioning units can be seen on the property pumping air into the structure, as dirt sits where there will soon be luscious grass.
Brady’s spot looks made for the stars, and will include an organic garden, a pickleball court, yoga terrace, solar panels, a cabana, main and outdoor kitchens.
Builders work around the clock to finish Tom Brady’s mansion (center) on Miami’s exclusive Indian Creek
Newstimesuk.com can reveal that the famous quarterback, who is worth more than $500 million, put nothing down to buy the property, but opted to take out a huge mortgage for the entire amount, as well as borrow another $17 million.
The exclusive Indian Creek Island property in Miami was purchased with ex Gisele Bundchen in October 2020.
When the couple split last year, Brady took over renovating the building while Bündchen moved to buy her own property across the water.
According to the mortgage deed, Brady’s home loan is linked to Comerica Bank through an LLC owned by Brady, the ex-husband of billionaire property mogul Jeffrey Soffer, Eli McPherson.
According to the mortgage deed, the 45-year-old sports star’s home loan is with Comerica Bank through an LLC linked to Brady’s, billionaire property mogul Jeffrey Soffer, a good friend of Eli McPherson’s ex-husband.
The contract is for 20 years and, at that time, a typical homeowner’s interest rate was 2.5 percent, which means monthly payments of $90,083 plus property taxes.
Before the couple announced their split in October, Bündchen paid $1.3 million for the three-bed waterfront home in Surfside, which she remodeled, according to building records.
The 42-year-old then splashed out $11.5 million on a five-bed, 6,600-square-foot property a few doors down from the tiny home and opposite her ex-husband’s home.
Records show Bündchen paid the money without a mortgage through the Onyx Trust, whose trustee is her sister Patricia Pereira.
Aerial photos from Newstimesuk.com show it currently being renovated.
While it’s hard to make out what renovations are being done to the front, the backyard pool is now green and clearly out of use, while the main building has scaffolding and the garden is littered with building materials.
A number of windows and doors also appear to have been fitted.
It appears that Bündchen has yet to move into the property, which also has a gym and home theater.
Brady’s document (left) and Bundchen’s document (right). The documents show the huge debt Brady took on and must pay off, while records show Bündchen paid the money without a mortgage through the Onyx Trust, whose trustee is her sister Patricia Pereira.
According to the mortgage deed, the 45-year-old sports star’s home loan is with Comerica Bank through an LLC linked to Brady’s, billionaire property mogul Jeffrey Soffer, a good friend of Eli McPherson’s ex-husband.
The contract is for 20 years and, at that time, a typical homeowner’s interest rate was 2.5 percent, which means monthly payments of $90,083 plus property taxes.
The former couple’s goal was to build a forever home for themselves and their children, John Edward, 14, Benjamin, 13, and Vivian, 10, in Miami’s Indian Creek Country Club community.
They demolished a pre-existing 5,772-square-foot home on the lot, and since the Brady split, have begun construction of a state-of-the-art eco-friendly mansion in its place.
The total cost of the home is set to be close to $30 million, as they paid $17 million for the land and an additional $10.12 million to build the custom home.
It is not known if Brady is using the mortgage loan facility to subsidize construction costs.
The agreement with Comerica Bank states that ‘this mortgage not only secures an existing loan of $17,000,000…but also provides future advances of up to an additional $17,00,000 made over 20 years.’
The 1.8-acre property has three buildings – a main house, a security post and gym.
Bündchen is renovating the $11.5 million mansion in Surfside, Miami, which she bought outright in October 2022 after her split from Brady.
The backyard pool is now a greenish color and clearly out of use, while the main building has scaffolding and the garden is littered with building materials. A number of windows and doors also appear to have been fitted
The former couple’s goal was to build a forever home for themselves and their children, John Edward, 14, Benjamin, 13, and Vivian, 10, in Miami’s Indian Creek Country Club community.
The island – less than half a square mile in area – has become a magnet for billionaires, celebrities and power couples who seek it out for its privacy and security.
Brady’s spot looks made for the stars, and will include an organic garden, a pickleball court, yoga terrace, solar panels, a cabana, main and outdoor kitchens.
Floor plans of the home obtained by the New York Post show it spans a whopping 17,000 square feet and has five bedrooms and 11 bathrooms, including an elevator, a movie theater and a guest suite.
Indian Creek Island is known as the ‘Billionaire’s Bunker’ because of the many celebrities and high-rollers in the neighborhood, including Ivanka Trump and Jared Kushner.
Accessible only by a bridge manned by a guard, the island boasts 24-hour security by land, air and sea. The 300-acre island is occupied by just 34 estates with an average price of $20 million.
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