Royal Caribbean CEO sells waterfront Miami home

He relisted it for a higher price in October

Miami /
Nov.November 27, 2017 11:15 AM

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.


Related Articles

arrow_forward_ios
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
Luxury car tycoon pays $7M for manse in Aventura’s Island Estates
Luxury car tycoon pays $7M for manse in Aventura’s Island Estates
Luxury car tycoon pays $7M for manse in Aventura’s Island Estates
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Aventura Mayor Enid Weisman (Facebook via Weisman, Getty)
Aventura votes to require HOAs to submit critical reports within 48 hours
Aventura votes to require HOAs to submit critical reports within 48 hours
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...