Tom Brady’s $17 million mansion is nearing completion, as new aerial photos show the main concrete frame of the property is now finished, with builders currently installing floor-to-ceiling windows and large air conditioning units.
The famed quarterback, reportedly worth over $500 million, did not contribute anything towards the purchase of the property. Instead, he opted to take out a colossal mortgage for the full amount, with the option to borrow a further $17 million.
The property, located on exclusive Indian Creek Island in Miami, was purchased in October 2020, with his ex-partner Gisele Bündchen.
Following their split last year, Brady took on the building’s renovations, while Bündchen moved on to purchase her own property across the waterway.
The main concrete frame of the property is now complete, with builders currently installing floor-to-ceiling windows.
When the pair split last year, Brady took on the building’s renovations, while Bündchen moved on to purchase other properties across the waterway.
Large air conditioning units are seen on the property pumping air into the structure, while dirt sits where luscious grass will soon be.
Brady’s spot seems tailor-made for the star and will include an organic garden, a pickleball court, a yoga terrace, solar panels, a cabana, main and outdoor kitchens.
Builders are working around the clock to finish Tom Brady’s mansion (center) on exclusive Indian Creek in Miami.
DailyMail.com can reveal that the famed quarterback, reportedly worth over $500 million, did not contribute anything towards the purchase of the property. Instead, he chose to take out a colossal mortgage for the full amount, with the option to borrow a further $17 million.
The property on exclusive Indian Creek Island in Miami was bought in October 2020, with Tom Brady’s ex-partner Gisele Bündchen.
According to the mortgage deed, the 45-year-old sports star’s home loan is with Comerica Bank through an LLC linked to a good friend of Brady’s, billionaire property mogul Jeffrey Soffer, ex-husband of Elle MacPherson.
The deal is for 20 years, and at the time, a typical homeowner’s interest rate was 2.5 per cent, meaning monthly repayments of $90,083 plus property taxes.
Before the couple announced their split in October, Bündchen paid $1.3 million for a three-bed waterfront home in Surfside, which she’s had remodeled, according to building records.
The 42-year-old then splurged $11.5 million on a five-bed, 6,600 sqft property a few doors down from the smaller home and opposite her former husband’s home.
Records show that Bündchen paid for this outright with no mortgage through the Onix Trust, whose trustee is her sister Patricia Pereira.
While it’s difficult to spot the renovations being done to the front, the backyard pool is now a green color and clearly out of use. Additionally, there’s scaffolding on the main building, and the garden is littered with building material.