TikTok real estate investor spends record $18M for mansion in Miami’s Belle Meade 

Previous island record was $13M sale in 2021

Tom Cruz, a real estate investor-influencer who made his wealth in Section 8 housing, spent $17.8 million for a waterfront mansion in Miami — setting a record in the Belle Meade neighborhood. 

The 8,200-square-foot, six-bedroom house at 1125 Belle Meade Island Drive was last asking  $18.9 million, which means it sold for a 6 percent discount. It hit the market in April of last year for nearly $20 million. 

Hugo Ledezma sold the 8,200-square-foot, six-bedroom house to Cruz. Cruz, who has 1.2 million followers on TikTok and more than 100,000 on Instagram, confirmed the purchase.