Matt Zingler, the co-founder and CEO of Rolling Loud \u2014 the world\u2019s largest hip-hop music festival \u2014 has sold his waterfront Miami Beach compound for $17.72 million, Gimme Shelter has learned.<\/p>\n
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.<\/p>\n
However Zingler \u2014 who co-founded the festival with his high school pal Tariq Cherif in 2015 \u2014 has no plans to leave Miami and is \u201cactively looking\u201d for new digs, sources told Gimme.<\/p>\n
Matt Zingler. Getty Images for Billboard<\/p>\n
The home opens to an airy interior. Become Legendary\/Dina Goldentayer<\/p>\n
There\u2019s space to tuck a grand piano beneath the staircase. Become Legendary\/Dina Goldentayer<\/p>\n
A plush lounge space offers indoor\/outdoor living perks. Become Legendary\/Dina Goldentayer<\/p>\n
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.\u00a0<\/p>\n
\u201cThe trend of the ultra-wealthy moving here is to buy out their neighbor for a compound. This is an example. There\u2019s no better neighbor than yourself,\u201d said listing broker Dina Goldentayer, of Douglas Elliman, who had also listed the homes separately.<\/p>\n
Goldentayer also repped the buyer, who purchased anonymously.<\/p>\n
\u201cThe 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\u00a0to buy their neighbor\u2019s property, as the opportunity doesn\u2019t come along too often,\u201d Goldentayer said. <\/p>\n
Altogether the compound, which sits on just over half an acre, features 150 feet on the water.\u00a0The newly built main house, by\u00a0Francois Frossard\u00a0Design 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.<\/p>\n
There\u2019s also a bayfront infinity pool.<\/p>\n
The kitchen. Become Legendary\/Dina Goldentayer<\/p>\n
A sun-kissed bedroom. Become Legendary\/Dina Goldentayer<\/p>\n
This being Florida, there\u2019s a sparkling pool. Become Legendary\/Dina Goldentayer<\/p>\n
There\u2019s also tons of room for outdoor entertaining. Become Legendary\/Dina Goldentayer<\/p>\n
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\u2019s high-tech automation system.<\/p>\n
There\u2019s also\u00a0a marble chef\u2019s kitchen and a waterfront \u201centertainment salon,\u201d with a statement marble media wall and a fireplace.\u00a0<\/p>\n
The main bedroom suite also features a dressing room, a breakfast bar and a spa-like bath clad in green onyx.\u00a0<\/p>\n
As for the neighborhood, it\u2019s booming.<\/p>\n
\u201cThere 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,\u201d Goldentayer said. <\/p>\n
Not anymore.<\/p>\n
\u201cAll of a sudden it is popping off,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"Matt Zingler, the co-founder and CEO of Rolling Loud \u2014 the world\u2019s largest hip-hop music festival \u2014 has…\n","protected":false},"author":2,"featured_media":176457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12980,803,123,1642,125,124,480,804],"class_list":["post-176456","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-gimme-shelter","tag-luxury-real-estate","tag-miami","tag-miami-beach","tag-miami-headlines","tag-miami-news","tag-real-estate","tag-residential-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/176456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=176456"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/176456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/176457"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=176456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=176456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=176456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}