Matt Zingler, the co-founder and CEO of Rolling Loud — the world’s largest hip-hop music festival — has sold his waterfront Miami Beach compound for $17.72 million, Gimme Shelter has learned.

The news comes as Rolling Loud is relocating from Miami to Orlando to combat inflation, and tickets have been lowered to the starting price of $249 for the May festival. Rolling Loud also now holds festivals in New York, California and other countries, from Canada and Australia to Thailand and Portugal.

However Zingler — who co-founded the festival with his high school pal Tariq Cherif in 2015 — has no plans to leave Miami and is “actively looking” for new digs, sources told Gimme.

Matt Zingler. Getty Images for Billboard

The home opens to an airy interior. Become Legendary/Dina Goldentayer

There’s space to tuck a grand piano beneath the staircase. Become Legendary/Dina Goldentayer

A plush lounge space offers indoor/outdoor living perks. Become Legendary/Dina Goldentayer

The ritzy estate features a four-bedroom, 4.5-bath home at 1165 N Biscayne Point Road and a smaller three-bedroom, three-bath guest house at 1155 N Biscayne Point Road. 

“The trend of the ultra-wealthy moving here is to buy out their neighbor for a compound. This is an example. There’s no better neighbor than yourself,” said listing broker Dina Goldentayer, of Douglas Elliman, who had also listed the homes separately.

Goldentayer also repped the buyer, who purchased anonymously.

“The listing was attractive because it included two properties. Given the amount of wealth that continues to migrate to Miami, most people at this level of buying power are taking the opportunity to buy their neighbor’s property, as the opportunity doesn’t come along too often,” Goldentayer said.

Altogether the compound, which sits on just over half an acre, features 150 feet on the water. The newly built main house, by Francois Frossard Design Studio, was completed in 2022. At 4,796 square feet, the main house is significantly larger than the guest house, which is 2,894 square feet and built in 1950.

There’s also a bayfront infinity pool.

The kitchen. Become Legendary/Dina Goldentayer

A sun-kissed bedroom. Become Legendary/Dina Goldentayer

This being Florida, there’s a sparkling pool. Become Legendary/Dina Goldentayer

There’s also tons of room for outdoor entertaining. Become Legendary/Dina Goldentayer

Inside, the main house comes with a contemporary design featuring double-height ceilings, custom millwork, Parisian-inspired paneled walls and chandeliers with automated controls, which are part of the home’s high-tech automation system.

There’s also a marble chef’s kitchen and a waterfront “entertainment salon,” with a statement marble media wall and a fireplace. 

The main bedroom suite also features a dressing room, a breakfast bar and a spa-like bath clad in green onyx. 

As for the neighborhood, it’s booming.

“There are so many pending sales in the $12 million to $18 million range in this neighborhood of Biscayne Point, which has traditionally been a more sleepy island of Miami Beach,” Goldentayer said.

Not anymore.

“All of a sudden it is popping off,” she added.