The 11-bathroom home is set across 19,064 sq. ft and boasts sweeping views across Biscayne Bay.
The property was built in 2000 and previously belonged to steel magnate Leroy Schecter, who sold last sold it in 2014 for $28 million.
Bezos has been expanding his property portfolio since his engagement to Lauren Sanchez earlier this year.
Jeff Bezos has purchased a $79 million Florida mansion in the exclusive Indian Creek Village
Bezos’ purchase is the second he has made in the area in just a few months after he bought a neighboring house for $68 million earlier this year
The waterfront property boasts a library, as well as a pool, wine cellar and high security doors
His latest acquisition comes just months after he splashed $68 million on a neighboring property in the same gated island community.
The three-bedroom home was built in 1965 and is set in two acres of land.
It was previously owned by a company with ties to Panama called MTM Star International, which obtained it for $1.4 million in 1982.
The property features a similarly coveted waterfront location and access to the island’s private golf course.
The enclave has become a hot spot for the rich and powerful, who are attracted by its plush homes and enhanced security.
The island is only accessible by a single, guarded bridge and is protected by a private police force that patrols the community around-the-clock by foot, sky, and land.
Bezos’ new home is located within the private gated community of Indian Creek Village, an island enclave for the rich and powerful protected by its own police force
Bezos, pictured with fiancée Lauren Sanchez, snapped a second home in Indian Creek Village months after buying a $68 million property in the area
Bezos’ new purchase neighbors the $68 million three bedroom home he bought earlier this year
Residents enjoy access to an exclusive country club and private 18 hole golf course while Miami’s South Beach is just eight miles away.
With a median house price of $29.5million and around 40 residents, Indian Creek has been branded ‘the world’s most exclusive municipality’.
The area is known as ‘billionaire’s bunker’ and has previously attracted the likes of Jay-Z and Beyoncé, as well as current residents investor Carl Icahn and Jared Kushner.
Football star Tom Brady and his supermodel wife Gisele Bündchen were also building an ‘eco-mansion’ in the community prior to their split.
A source close to the third richest man in the world also indicated to Bloomberg that his purchases in the area may not end yet.
Bezos’ latest buys add to an impressive portfolio worth almost $600 million spread across New York, Washington D.C., Beverly Hills and West Texas among others.
Last year Bezos, whose fortune is around $160 billion, added a private Hawaii estate that spans 14 acres and is surrounded by dormant lava fields to his collection.
The three-building estate, situated on the picturesque La Perouse Bay on Valley Isle in Maui, Hawaii, set the ex-Amazon head back an estimated $78million.
Amazon CEO Jeff Bezos purchased a $78million secluded Hawaiian estate surrounded by luscious greenery, palm trees, and a marine fishing reserve
Bezos purchased several apartments along New York’s Fifth Avenue to create a mega mansion for the tune of $120million
The initial 2019 deal was one of the priciest real estate transactions in Manhattan that year. Two interior shots from the connected apartments are shown above
Bezos spent $23 million on a former textile museum in the Washington DC neighborhood of Kalorama frequented by the likes of the Obamas as well as Jared Kushner and Ivanka Trump
The year before he added a plush Manhattan apartment to the string of properties he already owned on the high-end Fifth Avenue in New York City.
The billionaire businessman bought up five properties over the course of three years to form a de facto mega mansion.
While in 2016, Bezos dropped a cool $23million on a former textile museum in the exclusive Kalorama neighborhood of Washington, DC.
He also snapped up a $5 million property across the street which many speculated was for privacy reasons since it had a direct line of sight into the former museum property.
In addition to his homes, Bezos owns the world’s most expensive superyacht.
The $500 million Koru is where he popped the question to fiancée Sanchez, 53.
At 417 feet long and 230feet tall, Koru is one of the world’s largest sailing yachts and boasts its own helipad.