Farid Suleman, former CEO of Citadel Broadcasting, is listing a new oceanfront home in Miami Beach for $40 million.
The custom-built Miami Modern residence is on a corner lot on Atlantic Way along the island’s famous boardwalk—one of the very few single-family homes in Miami Beach, according to listing agent Ruthie Assouline of Douglas Elliman, who plans to list the home this week alongside Ethan Assouline.
“This is truly the only place in all of Miami Beach where you can do that,” she said.
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The home spans roughly 6,400 square feet across three stories; with six bedrooms; a whole floor dedicated to the primary suite; a clubroom and cabana area; and staff quarters. The entire three-story facade on the side facing the ocean is made up of floor-to-ceiling glass panels.
“Everywhere in the house, you either see ocean or landscaping,” Assouline said.
The glass wall overlooks the pool deck, which is divided by a walkway across the pool that leads to a grassy yard, which then gives way to a path to the beach. In addition to the pool area, there is an interior courtyard beside the common spaces with its own water feature and sculptural elements, as well as a patio off the third-level primary suite and a roof deck.
The home, which faces a park on its north side, is part of the Altos del Mar gated community in North Beach, a few blocks south of Surfside.
Suleman purchased the property in 2017 for $5.55 million and demolished the existing home to make way for this one, according to property records. He could not immediately be reached for comment.
The former radio executive has traded a number of Florida homes over the years, including one just down the road, a Mediterranean-style new build that he listed for $22.5 million in 2017 and sold for $17.3 million in 2021, according to property records.
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Suleman is the CEO of Miami-based private investment firm Loxodonta Ventures. He was previously the CEO of the now defunct Citadel Broadcasting, which was at one time one of the largest radio networks in the U.S.