Pop star The Weeknd has officially closed on a stunning 18,000-square-foot waterfront Florida mansion—paying $50 million for the enormous property, which was originally listed for just under $55 million.
The singing sensation, whose real name is Abel Tesfaye, is the proud new owner of the “incomparable” Coral Gables estate, which sits on a unique “V-shaped peninsula” that surrounds the dwelling with water on three sides.
His purchase of the property was first reported by the Wall Street Journal shortly before the deal officially closed, with records indicating that the sale was finalized on Oct. 10. Realtor.com® data can now exclusively reveal that the 35-year-old secured close to a $5 million discount on the abode.
The staggering estate has bounced on and off the market over the past five years, having been listed in September 2020 for $49.9 million, then relisted in March 2021 for $54.9 million.
It was taken off the market in April of the following year, then relisted in February 2024 for the increased price of $57 million. That ask was dropped back to $54.9 million in June of this year.
While the asking price may have wavered, the estate’s impressive offerings are solid. They offer an unparalleled level of luxury inside and out.
In addition to the “jaw-dropping panoramas of Biscayne Bay, Miami skyline and Atlantic sunrises,” which can be enjoyed from almost every vantage point on the property, the exterior of the home features 574 feet of “prime waterfront,” as well as a 140-foot private dock that is situated on protected waters.
That dock would allow for a boat of around 200 feet in length to be moored there, meaning that The Weeknd could easily park a superyacht (generally, a yacht that is more than 80 feet in length) on the waters that surround the home.
A stunning blue swimming pool with an intricate swirling pattern on its bottom stretches out toward the tip of the V, framed by elegant palm trees.
The home and its pool are surrounded by lush green lawns, while a huge terrace provides ample room for wining and dining guests outside.
Inside the dwelling, visitors are greeted by a grand bifurcated staircase, unique curved walls, and a dramatic light fixture gracing the entryway’s double-height ceiling.
The lower level of the home offers several enormous living spaces, including a beautiful great room with a wall of windows perfectly framing the views of the water—and flooding the area with light.
That open-plan living area leads to a more casual dining space, although the home also features a formal dining room with a large table that seats 12 guests.
A small screening room provides an intimate space for loved ones to gather together and watch a movie—with curtains and shutters that can be drawn to prevent light from glaring across a large screen.
An additional living room overlooks the terrace at the back of the property, with a wall of windows that opens up to the outside space.
In total, the property has eight bedrooms, nine full bathrooms, and several half-bathrooms, providing ample space for The Weeknd and many guests.
As one might expect, the cherry on top of “one of Miami’s most iconic private residences” is the primary suite, which is described as a private “sanctuary” and features a spa bathroom, a private lounge, and a spacious dressing room.
No doubt The Weeknd, who is known for his cutting-edge fashions, will find ample room to store his many designer items, with listing images showing a walk-in closet with rows of clothing rails, shelves, and a huge center storage area, complete with a countertop for storing or displaying particularly valuable pieces.
Elsewhere in the home is a sizable wet bar, a gym, and a marble-paneled kitchen with a spacious island and breakfast bar.
With all that—and more—on offer, it is perhaps unsurprising that the property is currently the most expensive residence listed in Coral Gables, which is located just a few miles south of Miami.
The dwelling’s price tag dwarfs that of the second most expensive Coral Gables listing—a modern mansion listed at for $39.5 million.
Still, The Weeknd—who was represented by Eddy Martinez and Roland Ortiz of ONE Sotheby’s International Realty in the deal—is no stranger to splashing out tens of millions on a property he particularly admires, having spent a staggering $70 million on a Bel-Air mansion in 2021. It was the priciest property purchase in Los Angeles that year.
That home, which he is still understood to own, was built in 2002, but underwent a three-year renovation after it changed hands for $21.44 million in 2015.
Spanning 33,000 square feet, with 1.58 acres of land overlooking the Bel Air Country Club golf course, the home features a gym, indoor pool, home theater, and recording studio.
Outside is just as impressive, with an infinity pool, sport court, and split staircase leading down to a lawn.
Luckily, The Weeknd can afford the odd real estate splurge every now and then, having amassed a significant fortune since he dropped his debut mixtape, “House of Balloons,” in March 2011.
Today, the pop sensation—who performed at the Super Bowl halftime show in 2021—has built a net worth that is estimated to be anywhere between $300 and $600 million.
