Floyd Mayweather pays $7.7M for glitzy Miami Beach home

Champ reportedly has a net worth between $400 million and $650 million

May.May 27, 2016 11:15 AM

5501 Pine Tree Drive (Inset: Floyd Mayweather, via creativecommons)

Boxing champ Floyd Mayweather Jr. just dropped $7.7 million cash on a newly built waterfront house on Miami Beach’s exclusive Pine Tree Drive.

The two-story home’s living room

County records show Mayweather is the new owner of 5501 Pine Tree Drive, a contemporary spec home that boasts a wide-open floor plan and water views of Indian Creek.

The four-bedroom, five-bathroom home has interiors decked out to the nines: the floors are white glass and light-colored hardwood, the kitchen has Cameo white lacquer cabinetry and brand new modern appliances, and almost every room is wrapped in floor-to-ceiling windows that let in plenty of natural light.

The home’s modern kitchen

In the backyard, Mayweather is also the proud new owner of an infinity-edge pool that has an LED light system, 80 feet of water frontage and a boat dock.
Its listing description with Raymond Bolduc of One Sotheby’s International Realty called it a “zen retreat on the water.”

Measuring 5,200 square feet, Mayweather’s purchase price for the house breaks down to just under $1,481 per square foot.

The boxing champ, who reportedly has a net worth between $400 million and $650 million, is no stranger to Miami real estate. He bought a similarly lavish pad at the St. Tropez in Sunny Isles Beach for $1.5 million back in 2010, and was actually trying to sell it two years ago for $2.6 million in favor of moving to a more spacious house in either Miami Beach or Coral Gables — but eventually decided to keep it.

Famous for boasting his wealth — he raked in an incredible $220 million after his fight with Manny Pacquiao — Mayweather has already taken to Instagram to show off his new house — with a pair of luxe supercars parked out front, of course. (He’s since removed the photo from his account.)

The sellers are Nick and Nadia Di Donato, who own Cibo Wine Bar, a popular Italian restaurant with three South Florida locations that features rustic atmosphere and a big wine list. The Di Donatos have owned the property since 2012, when they paid $2.314 million for an aging modernist house and its 13,140-square-foot lot. Several years later, they knocked down the home and erected the new concrete and glass spec house. The Di Donatos brought in their head Cibo designer to deck out the home.

They listed the property in December and originally asked $8.8 million.

Related Article

Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Christopher Burch sells Pine Tree Drive lot at a loss

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Arnold Scaasi and his Palm Beach property (Credit: Getty Images, Realtor)

Trust of late fashion icon Arnold Scaasi sells Palm Beach estate

Nick Bosa and a rendering of 30 Thirty North Ocean (Credit: Getty Images)

NFL player buys Fort Lauderdale Beach condo

Tim Tebow and his home in South Jacksonville's Glen Kernan Golf & Country Club (Credit: Getty Images, Estately)

Take 2: Tim Tebow pays $3M for second house in gated community in Florida

Marquis Miami unit and Robert Gronkowski (Credit: Getty Images)

Rob “Gronk” Gronkowski buys condo in Miami Dolphins territory

David and Victoria Beckham with a rendering of One Thousand Museum (Credit: Getty Images)

David and Victoria Beckham tour Miami condo building designed by Zaha Hadid: report