(MENAFN- ACCESSWIRE)
MIAMI, FL / ACCESSWIRE / September 17, 2024 / In 2023, Real estate entrepreneur Tom Cruz made headlines with the $17.75 million Acquisition of a luxury waterfront mansion on Belle Meade Island, marking Miami's largest single-family property sale that year. This purchase of the estate, known as "Villa Q," showcases Tom Cruz's successful expansion into the high-end property market, solidifying his position as a key figure in real estate investment.
Villa Q, located at 1125 Belle Meade, spans 8,222 square feet across four stories and features six bedrooms, six baths, and two powder rooms. Designed for both luxury living and entertaining, the home boasts a 14-car garage, soundproof theater, infinity pool, and multiple outdoor dining spaces. The property offers 75 feet of waterfront with stunning views of Biscayne Bay and the Miami skyline.
"We're excited to make Miami our home and continue investing in this thriving real estate market," Tom Cruz stated. "This property isn't just a personal residence but a strategic investment that aligns with our long-term vision."
A Landmark Property with Luxury Features
Built in 2022, Villa Q offers an open-concept design ideal for personal comfort and large gatherings. The second floor is dedicated to entertainment, featuring Italian porcelain floors, a wine cellar, and custom-built cabinetry. The third level includes four ensuite bedrooms, while the fourth floor opens to a rooftop terrace with panoramic views. The property's standout amenities include an outdoor summer kitchen and a private dock, making it perfect for the Miami lifestyle.
Transition from Affordable Housing to Luxury Real Estate
Tom Cruz initially made his mark in affordable housing, building a portfolio of over 700 Section 8 rental units, generating more than $650,000 in monthly passive income. His investment strategy has since expanded into the luxury real estate market, with the Villa Q acquisition marking a significant milestone in his career. "I see high-end real estate as a natural evolution in our investment strategy," Tom Cruz explained.
Looking Ahead
Tom Cruz's focus remains long-term, sustainable investments in Miami's booming real estate market. His ability to navigate affordable housing and luxury sectors highlights his versatility as an investor. "We're always looking for the next opportunity, and Miami offers the perfect environment for smart, strategic growth," he added.
About Tom Cruz
Tom Cruz is a Miami-based real estate investor known for his work in affordable and high-end housing. He built a successful portfolio of over 700 rental units through Section 8 housing. He recently expanded into the luxury market with his $17.75 million purchase of Villa Q on Belle Meade Island, Miami.
Contact Tom Cruz:
Email: [email protected]
SOURCE: Tom Cruz
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