International music sensation Abel Tesfaye, better known by his stage name The Weeknd, is reportedly in contract to purchase one of the most spectacular waterfront estates in Florida.
According to the Wall Street Journal, the artist has agreed to buy a sprawling mansion in the exclusive Coral Gables suburb of Miami, listed for $54.9 million USD, which translates to approximately $86.5 million AUD.
The estate sits on a rare 1.5-acre V-shaped peninsula, giving it nearly 360-degree water views and an unrivalled sense of privacy … and opulence.
The unique positioning provides an impressive 574 feet of water frontage, along with a 140-foot private dock that offers mooring space for a superyacht of up to 200 feet in length.
This feature alone places the property in a league of its own among Miami’s most elite homes.
Originally built in a modern Mediterranean style, the mansion spans close to 19,000 square feet.
The home includes eight bedrooms, nine full bathrooms, and several half-bathrooms, allowing ample space for guests, staff, and lavish entertaining.
A standout feature is a striking 62-foot mosaic-tiled infinity pool, stretching toward the tip of the peninsula and surrounded by manicured lawns, swaying palm trees, and panoramic views of Biscayne Bay.
Inside, the home greets visitors with a dramatic double-height foyer and a bifurcated staircase accented by curved walls and a contemporary light fixture.
Every room has been carefully designed to make the most of the natural surroundings, with floor-to-ceiling windows, multiple living areas, and seamless indoor-outdoor integration.
The main living space leads into a casual dining area and a more formal dining room that seats up to twelve.
A marble-panelled kitchen with a large central island and breakfast bar anchors the chef’s quarters, while entertainment zones include a cozy media room, a fully-equipped wet bar, a private office overlooking the water, and a separate screening room complete with blackout shutters.
The primary suite is being described as a “private sanctuary,” complete with a spa-style bathroom, a personal lounge, and an enormous dressing room featuring integrated lighting, extensive storage, and custom displays for fashion items.
With The Weeknd known for his bold fashion choices, this space may very well double as a showroom.
The property has been on and off the market for several years, originally listed in 2020 for $49.9 million USD, and later re-listed in 2024 for $57 million USD before returning to its current price.
Despite these fluctuations, the home has consistently stood out as one of the most prestigious offerings in the Coral Gables market.
Currently, it holds the title of the most expensive residence listed in Coral Gables. For comparison, the second most expensive listing in the area is priced at $39.5 million USD.
With this new acquisition, The Weeknd adds another trophy property to his growing luxury real estate portfolio, which already includes a $70 million USD Bel-Air mansion purchased in 2021, then the most expensive sale in Los Angeles that year.
The Coral Gables estate is expected to close later this month.
View the listing here.
