Russell Savage, the billionaire behind Rockstar Energy, is under contract to sell the waterfront compound he owns on North Bay Road in Miami Beach. The Menin Homes renovated estate pairs a main house with a detached guest house and has been working the high-end market since last fall. The pending sale lands among the priciest luxury contracts in Miami-Dade this week.
Listing Now Marked Pending at $28 Million
According to Realtor.com, the compound at 5300 North Bay Road is listed as pending with a $28 million asking price and is marketed by One Sotheby’s MR Luxury Group. The listing shows roughly 6,023 square feet, seven bedrooms and 7.5 bathrooms on about a 0.29-acre lot, and notes the entry was last updated on May 15, 2026.
Deal Tops the Week’s Luxury Contracts
The pending North Bay Road deal led 22 luxury home contracts signed in Miami-Dade between May 11 and May 17, per the Eklund-Gomes weekly report. The tracked single-family listings carried a combined asking dollar volume of about $238.3 million and spent an average of 176 days on the market. Those figures were reported by The Real Deal.
Renovation and Pricing History
Menin Homes completed a gut renovation that repositioned the property as a Mediterranean-modern waterfront compound, and the house previously appeared at higher asks during its marketing cycle. A feature on the listing noted a $32.5 million ask tied to the Menin redo, and transaction records show Keith Menin bought the parcel in 2024 for roughly $16.1 million. See the listing coverage on Modern Luxury and transaction data compiled by Traded.
Owner Background and the Rockstar Connection
Though Menin is listed on some records for the project, Savage, whose legal name is Russell Weiner, confirmed last year that he is the beneficial owner of the compound. Savage made his fortune after Rockstar Energy was sold to PepsiCo in 2020 for roughly $3.9 billion, as noted by The Real Deal.
Coconut Grove Spec Home Also Moved
On the same weekly list, a Coconut Grove spec mansion at 4040 Kiaora Street entered contract with a $24.9 million ask. Public listings show the Sabal Luxury Builder project marketed at $24.9 million. Marketwatchers say the two contracts together underscore that well-positioned waterfront and high-end suburban spec homes remain in demand; see the Coconut Grove listing on Redfin.
For neighbors and brokers, the pending North Bay Road deal will be one to watch, and whether it closes near the asking price will say a lot about appetite for Miami Beach waterfront inventory as the luxury market continues to recalibrate.
