Indian Creek Village is one of the most elite and sought after islands in South Florida. The village is unique among similar-sized communities in having its own State of Florida police force including its own 24/7 armed boat patrol around the island. According to the 2004 census, Indian Creek Village is the most protected and secure incorporated municipality in the United States. It is home to some of the most expensive real estate in Miami Dade County.

The island is home to the Indian Creek Country Club which has one of the oldest clubhouses in South Florida and the club's golf course is widely considered to be one of the best courses and it occupies the entire interior of the island with a few waterfront holes. Famous residents both past and present have included Victoria's Secret model Adriana Lima, Spanish singer Julio Iglesias, his son Enrique Iglesias, pro golfer Raymond Floyd, coaches Rick Pitino and Don Shula, US Senator George Smathers, Sheik Mohammed al-Fassi of Saudi Arabia, television host Don Francisco, billionaire investor Carl Icahn, co -founder of Calvin Klein Barry Schwartz, billionaire developer Donny Soffer, steel executive Leroy Schecter, wireless executive Rajendra Singh, radio magnate Raul Alarcon,real estate billionaire Peter Breton, coal and oil executive Christopher F. Viegas, Fred Hesser CEO and founder of Hesser Group Global, Perry Ellis head George Feldenkreis, and former Philadelphia Eagles owner and billionaire art collector Norman Braman, and former cable company CEO Ken Bagwell.