The Real Deal Miami

Royal Caribbean CEO sells waterfront Miami home

He relisted it for a higher price in October
By Katherine Kallergis | November 27, 2017 11:15AM

Michael Bayley and 5851 North Bayshore Drive

Royal Caribbean International’s CEO just sold his waterfront Miami home for $5.5 million, property records show.

Michael Bayley, president and CEO of the cruise company, sold the property at 5851 North Bayshore Drive to Heiva Holdings USA of Las Vegas.

The five-bedroom, 4,700-square-foot home sits on a 36,750-square-foot lot fronting Biscayne Bay in Miami’s Upper East Side. It hit the market a year ago for under $5 million and was relisted for $6.5 million in October, according to Realtor.com. Bayley sold the house at a 15 percent discount off the asking price.

The home, built in 1961, was listed with Jill Eber of Coldwell Banker’s the Jills team. Records show Bayley recently installed impact windows. The property also features a pool with a Jacuzzi, 125 feet of waterfront, two jet skis and a gazebo.

Bayley, who has led the Miami-based cruise giant in his current role for about three years, paid $2.85 million for the house in 2012. He was previously president and CEO of Celebrity Cruises, a Royal Caribbean brand.

More information on the buyer is not available in public records.