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

Property Image
SOLD
$32,500,000
Marko Gojanovic
Roberto Quiroz
+ 2

Florida

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Single Family
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Property Image
SOLD

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

5300 North Bay Road

See Similar Deals
Single Family
Sold
Marko Gojanovic
Roberto Quiroz
+ 2
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Summary

FLORIDA
Asset Type:Single Family
Transaction Type:Sale

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
39 deals$450.5M volume(305) 942-7302
BROKER

Marko Gojanovic
Sotheby's International Realty
35 deals$496M volume(718) 360-5059
BROKER

Roberto Quiroz
Sotheby's International Realty
7 deals$95.9M volume(786) 613-8660
BROKER

Sotheby's International Realty
BROKERAGE

Keith Menin
11 deals$127.1M volume
SELLER


Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Reid Heidenry, Russell Weiner, Marko Gojanovic, Keith Menin & Roberto Quiroz DATE: 10/28/2025 ADDRESS: 5300 North Bay Road MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.3 SELLER: Russell Weiner - Domino's & Rock Star Energy; Keith Menin (@KeithMenin) - Menin Hospitality BROKERS: Marko Gojanovic (@Marko_Gojanovic), Reid Heidenry (@MrLuxuryGroup) & Roberto Quiroz (@RobertoQuirozg) - One Sotheby's International Realty (@OneSIR) PRICE: $32,500,000 NOTE: Billionaire Russell Weiner, founder of Rockstar energy drinks, found a buyer for his waterfront North Bay Road estate in Miami Beach, which was gut-renovated by developer Keith Menin and listed for $32.5 million with One Sotheby’s International Realty. The Mediterranean-modern property spans 0.3 acres and includes a main residence, guest house, pool, and outdoor kitchen.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,733,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$115,465.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,066.58
Annual Debt Service$1,848,798.97