Royal Caribbean CEO sells waterfront Miami home

He relisted it for a higher price in October

Michael Bayley and 5851 North Bayshore Drive
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 Bayley sold the house at a 15 percent discount off the asking price.

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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.