Billionaire Russell Weiner Sells Waterfront Miami Beach Estate For $32.5 Million
5300 North Bay Road
$32,500,000
Building Size
—
Asset Type
Single Family
Closing
Oct 28, 2025
AI
The property asset involved in the transaction is a waterfront estate located at 5300 North Bay Road in Miami Beach. This single-family residence spans 0.3 acres and includes a main residence, guest house, pool, and outdoor kitchen. The property was gut-renovated by developer Keith Menin and listed for $32.5 million.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $32,500,000
- Acres: 0.3
- Seller: Russell Weiner - Domino's & Rock Star Energy; Keith Menin - Menin Hospitality
- Brokers: Marko Gojanovic, Reid Heidenry & Roberto Quiroz - One Sotheby's International Realty
- Date of Transaction: 10/28/2025
The deal involves notable figures, including billionaire Russell Weiner, founder of Rockstar energy drinks, who secured a buyer for the property. The transaction reflects collaboration with developer Keith Menin, who was responsible for the property's renovation and enhancement.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93