No helicopters, no mega yachts. At first glance, Indian Creekis just a small private island in Biscayne Bay.But South Floridareal estateagentCory Waldmanbegs to differ.'It's a city within a city,' theColdwell Bankerassociatesaid. 'They have their own police force. The lot sizes are enormous. It's top-notch.'Across the country, luxury real estate agentKofi Natei Narteyhas a similar reaction ' but not about Indian Creek.'Beverly Park is the most exclusive gated community in Los Angeles,'The Agency's Sports & Entertainment Divisiondirector said. 'With guard-gated access only, it attracts some of the highest net worth individuals and celebrities in the world.'They'renot exaggerating.New data shows Indian Creek Island Road and Beverly Park Circle are the most expensive streets to live on in the U.S.Indian Creek, known locally as Billionaire Bunker, is home to four of the richest people in America, theMiami Herald reports.Beverly Park Circle is home to Denzel Washington and Eddie Murphy, among other big names.So what does it cost to live there' Based on Zillow's analysis of streets with at least 10 homes, here's a look at the median home value for the top 15:Names vs. numbersInterestingly,all of the priciest streets are names, rather than numbers. In 'Zillow Talk: The New Rules of Real Estate,' co-authorsSpencer RascoffandStan Humphriesexplorewhat's in a street name. By digging into the data, they've founda named-street premium exists across the country.Among the 20 largest metro areas, 'we only found three places in the entire nation where named streets don't have the advantage,' they write. 'InAtlantaandNew York, named and numbered streets come out roughly equal.Denveris the solitary example of a place where numbered streets are more valuable' probably because homes in its premier neighborhood of Country Club are located on numbered streets.'What gives named streets a higher price tag' Rascoff and Humphries say in general, the most valuable street names describe something about ahome's location. Indian Creek Island Road is a great example because 'island' indicates the homes are near water, and therefore probably worth more than non-waterfront homes in the area.Suffixes matterIt's easy to gloss over the letterstacked on at the end of a street name. But as shown above, living on Beverly ParkTerraceversus Beverly ParkCirclecouldcost you hundreds of thousands of dollars.In their analysis, Rascoff and Humphries discovered the most common suffixes' street, boulevard and avenue ' tend to be the least valuable. Way and place, meanwhile,make up only 4 percent of street name suffixes nationwide, and theirhomes' are typically worth more.These findingsshed light on the myriad factors at play in local real estate markets.Of course, at the end of the day, lot comes down to perception.'There's nothing else like [Indian Creek] in South Florida,' Waldman said. 'It's the most prestigious address.'SEE ALSO:The 40 best new real estate developmentsDON'T FORGET:Follow Business Insider's Lifestyle page on Facebook!Join the conversation about this storyNOW WATCH: Take a fly-over tour of the $110 million Hamptons mansion that's at the center of a huge lawsuit
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