{"id":275316,"date":"2026-05-18T16:29:12","date_gmt":"2026-05-18T16:29:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/275316\/"},"modified":"2026-05-18T16:29:12","modified_gmt":"2026-05-18T16:29:12","slug":"russell-savage-finds-buyer-for-miami-beach-house","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/275316\/","title":{"rendered":"Russell Savage Finds Buyer for Miami Beach House"},"content":{"rendered":"

Billionaire Russell Savage (Weiner) is back under contract to sell his waterfront home on North Bay Road that Keith Menin gut-renovated.\u00a0<\/p>\n

The pending deal leads the 22 luxury home contracts signed in Miami-Dade County between May 11 and May 17, according to the weekly report by Douglas Elliman\u2019s Eklund-Gomes team.\u00a0<\/p>\n

The report tracks listings of homes and condos asking $4 million and up in Miami-Dade that are included in the Multiple Listing Service. The properties spent an average of 176 days on the market.\u00a0<\/p>\n

Forty-four luxury listings were added to the market, for a total of 1,228 listings.\u00a0<\/p>\n

The previous week<\/a>, buyers signed 22 contracts for properties in Miami-Dade, asking a combined $248 million.\u00a0<\/p>\n

The asking dollar volume for the 16 single-family homes and six condos under contract last week totals $238.3 million, according to the report published by the team led by Fredrik Eklund and John Gomes.\u00a0<\/p>\n

The single-family homes that entered into contract last week have an average asking price of $12.6 million and spent an average of 194 days on the market. They total $201.3 million in asking dollar volume.\u00a0<\/p>\n

At the top of the report is the waterfront home at 5300 North Bay Road in Miami Beach, asking $28 million after a couple of price cuts in February and April. Menin\u2019s Menin Homes renovated the 0.3-acre property, which includes a four-bedroom, four-and-a-half-bathroom main house, a detached three-bedroom and three-bathroom guest house, a garage, Jacuzzi, pool and outdoor kitchen. It hit the market last fall with One Sotheby\u2019s International Realty agents Marko Gojanovic, Reid Heidenry and Roberto Quiroz, who are with MR Luxury Group.\u00a0<\/p>\n

The property topped a signed contract<\/a> report last year.\u00a0<\/p>\n

Though Menin<\/a> is listed as the owner, Savage, whose legal name was Russell Weiner, is the true owner, he confirmed<\/a> to The Real Deal last year. Savage made his fortune with the $3.9 billion sale of Rockstar Energy to PepsiCo in 2020.<\/p>\n

The second most-expensive home to enter into contract is the new house at 4040 Kiaora Street in Miami\u2019s Coconut Grove, which is on the market with Douglas Elliman\u2019s Lourdes Alatriste for $24.9 million. The 8,800-square-foot home, with six bedrooms and seven and a half bathrooms, sits on a non-waterfront 0.8-acre lot. Sabal Luxury Builder developed the house. Compass\u2019 Miltiadis Kastanis<\/a> is representing the buyer.\u00a0<\/p>\n

The condos that secured buyers last week have an average asking price of $6.2 million and spent 127 days on the market, on average. They total $36.7 million in asking dollar volume, or an average of $2,100 per square foot.\u00a0<\/p>\n

Last week in New York, buyers signed contracts for 38 homes, according to Olshan Realty<\/a>. Their combined asking price is $273.5 million, and the typical home spent 604 days on the market.<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Banned financial adviser under contract to sell waterfront Miami home\u00a0<\/p>\n

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Under contract: Al Capone\u2019s former Miami Beach property<\/p>\n

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Billionaire tech mogul Manny Medina finds buyer for $30M waterfront mansion<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Billionaire Russell Savage (Weiner) is back under contract to sell his waterfront home on North Bay Road that…\n","protected":false},"author":2,"featured_media":275317,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124,117541],"class_list":["post-275316","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news","tag-russell-savage-weiner-homes"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/275316","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=275316"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/275316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/275317"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=275316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=275316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=275316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}