Work on the property went on for more than two years, with Ivanka hosting a birthday celebration there just weeks before the renovation was completed in November 2023. Property records reveal that Ivanka and Kushner—who both served as senior advisers to President Trump during his first term—took out a $15 million mortgage when purchasing the home, which comes with a private boat dock and staggering views of Biscayne Bay. The couple purchased the home from billionaire Alex Meruelo and his wife, Liset Meruelo.