Newsdata · Florida Government

“So much wealth”: Why the rush for waterfront homes rolls on in South Florida

Developer Keith Menin paid $16.1 million for a waterfront home on North Bay Road in April 2024, and he teamed up with the billionaire founder of Rockstar Energy to renovate and flip the property. Two years later, Menin and Russell Savage (previously Weiner) sold the home at 5300 North Bay Road for $27 million. A land trust purchased the property, after a deal with a previous buyer fell through. It was on the market for $28 million, down from the $32.5 million asking price for the property in October, listed with One Sotheby’s International Realty agents Marko Gojanovic, Reid Heidenry [...] This article originally appeared on The Real Deal. Click here to read the full story.