La Gorce Island is a guard-gated island of just under a hundred estates on Indian Creek, dredged by Carl Fisher in 1924 and run by its own association since 1946. Security is 24 hours a day and includes a boat patrolling the shoreline. It is, right now, the single most concentrated trophy market in Miami Beach — and it is effectively sold out.
As of August 2026 there is not a single active listing on La Gorce Island. Entering 2026 the island’s priciest active was 84 La Gorce Circle at $39 million; it traded in March at $31.5 million and nothing replaced it. Two buyers now control roughly five acres of it between them. If you want to be here, you are waiting for an off-market conversation, not shopping a portal.
Verified 3 August 2026. Source: Compass active-listing data, accessed 3 August 2026, cross-checked against The Real Deal, 20 March 2026.
What has actually traded
$122 million — October 2024. A four-parcel assemblage at 16, 18, 22 and 24 La Gorce Circle: roughly three acres with about 600 feet of frontage, bought by Ideavillage founder Anand Khubani ($100 million for three parcels, $22 million for the fourth) from the trust of the late Dr. M. Lee Pearce. It had been listed at $170 million in May 2022 — a 28% haircut over two and a half years.
$75 million — April 2025. “OKTO” at 88 La Gorce Circle, 21,700 square feet on an acre with 260 feet of frontage, asked $88 million, recorded at $74.3 million. Bought by hedge-fund manager Nick Maounis.
$60 million — March 2025. 66 La Gorce Circle, 9,640 square feet on four-tenths of an acre, sold off-market with most furnishings at roughly $6,220 per square foot — the highest price per foot on this list.
$32.7 million — August 2025. 68 La Gorce Circle, 6,116 square feet, bought sight unseen by a Colombian buyer. It had traded at $8.8 million in 2015.
$31.5 million — March 2026. 84 La Gorce Circle, 5,400 square feet at $1,575 per foot, asked $39 million. Bought by Maounis again, giving him 84 and 88 — 1.6 acres and $106.5 million spent. The previous sale of that house was in 1982, for $500,000.
$10.4 million — April 2026. 31 La Gorce Circle, a non-waterfront teardown on six-tenths of an acre, bought by a Coinbase executive from Todd Glaser, who had paid $8.3 million in 2022 and asked as much as $17.4 million.
What that tape tells you
Three things. First, the spread is enormous and it is about the house, not the island — $1,575 per foot for older stock against $6,220 for a finished trophy. Second, ask means very little here: the assemblage cut 28%, 84 La Gorce cut 19%, 88 La Gorce cut 15%. Third, and most important, two buyers have been assembling. Khubani holds three acres and is in design on a family compound; Maounis holds 1.6 acres. Assemblage buyers take supply off the market permanently, which is why there is nothing to buy.
What to check before you buy on La Gorce
Short-term rentals are prohibited. Miami Beach bans them in all single-family homes citywide — anything under six months and a day. The penalty schedule was struck down in 2019 for exceeding the state cap, but the prohibition itself stands. If your model needs rental income, this island does not work.
The seawall rule is a real number. New Miami Beach seawalls must reach 5.7 feet NAVD, or 4.0 feet if engineered to be raised later. It is triggered by new construction, by overtopping, by disrepair causing a neighbour’s erosion, and by any repair costing $300 or more per linear foot. You get 60 days to show progress and 730 days to finish. On a 100-foot waterfront lot that threshold is $30,000 — which almost any real seawall repair exceeds.
Association dues are not published. The La Gorce Island Association requires ownership for membership; the fee is not public. Ask for it in writing before you are under contract.
Do not confuse La Gorce Island with Allison Island. They are adjacent, both reached off Allison Road, and brokerages routinely nest Allison Island under La Gorce in their site structures. Lil Wayne has owned on both — his $22.6 million sale in 2023 was 6480 Allison Road, not La Gorce.
La Gorce Island — frequently asked questions
How much does a house on La Gorce Island cost?
Verified trades since late 2024 run from $10.4 million for a non-waterfront teardown to $122 million for a four-parcel, three-acre assemblage. Finished trophy homes have cleared roughly $6,220 per square foot; older waterfront stock has traded nearer $1,575. There is no meaningful median — the island transacts a handful of times a year.
Are there homes for sale on La Gorce Island?
As of August 2026, no active listings. The island is effectively sold out at the top, and two buyers have been assembling adjacent parcels — roughly five acres between them — which removes supply permanently. Buying here now generally means an off-market approach.
Is La Gorce Island gated?
Yes — guard-gated 24 hours a day, with a security boat patrolling the shoreline. The island was dredged by Carl Fisher in 1924 and the La Gorce Island Association has run it since 1946. Association dues are not published; request them in writing.
Can I rent out a house on La Gorce Island short-term?
No. Miami Beach prohibits short-term rentals — anything under six months and a day — in all single-family homes citywide. A 2019 ruling struck down the city’s escalating fine schedule for exceeding the state cap, but the prohibition itself remains in force.
Sources
- Douglas Elliman — Four-property La Gorce compound sells for record $122M, October 2024
- The Real Deal — Nick Maounis pays $75M for Miami Beach estate, 1 May 2025
- The Real Deal — James Curnin sells La Gorce Island mansion for $60M, 11 March 2025
- The Real Deal — Colombian developer sells La Gorce Island home for $33M, 7 August 2025
- The Real Deal — Nick Maounis adds $32M lot to Miami Beach compound, 20 March 2026
- The Real Deal — Coinbase exec buys lot on La Gorce Island, 29 April 2026
- City of Miami Beach — Vacation and short-term rentals
- Miami Beach Rising Above — Seawall FAQs and Ordinance 2025-4754