BILLIONAIRE COLLECTION ®@BillionMagazine
🚨Rumors are swirling that Elon Musk may have quietly toured one of the most ambitious residential projects ever underway in Miami.👀
PRICE: $300M
LOCATION: Miami Beach, Florida
SITE: 5940 North Bay Road
A waterfront estate at 5940 North Bay Road, currently under construction, is expected to ask around $300 million upon completion, positioning it as one of the most expensive homes ever built in Miami.
Developed by Todd Michael Glaser and partners, the property sits on 2.3 acres with 290 feet of frontage on Biscayne Bay.
The team originally acquired the site for $105 million, then flipped it months later for $169 million, only to take it oft-market and pursue a ground-up redevelopment instead.
According to sources, a high-profile billionaire arrived by helicopter, landing in Biscayne Bay before reaching the property by raft. While some brokers claim it was Musk, others dismiss the speculation.
The new estate is being designed as a next-generation ultra-luxury compound, featuring expansive glass architecture, elevated construction 17 feet above flood level, a green rooftop, and a 31-car garage. The home will not be publicly marketed or shown until completion, with delivery expected in roughly two years.