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5300 North Bay Road

Billionaire Russell Weiner Sells Waterfront Miami Beach Estate For $32.5 Million
SOLDSingle Family

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:

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

Reid Heidenry

Sotheby's International Realty

Broker

$516.9M

vol

42 deals

Broker
Sotheby's International Realty
Sotheby's International RealtyBrokerage
Keith Menin

Keith Menin

Menin Hospitality

Seller

$154.1M

vol

12 deals

Seller

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