Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Last year, Forbes named the boxing champ the highest paid athlete of the decade, with $915M in earnings

Miami Archive /
Oct.October 22, 2020 01:35 PM
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Professional boxer Floyd Mayweather Jr. sold his waterfront Miami Beach home for $6.3 million, taking a loss of over $1 million.

Records show Mayweather, as trustee of The West Coast Legacy Trust, sold the property at 5501 Pine Tree Drive to Julian and Natalia Saban.

The boxing champ bought the four-bedroom, five-bathroom house in 2016 for $7.7 million, according to records. That means Mayweather, who is known as “Money Mayweather,” took a $1.4 million loss on the sale.

Last year, Forbes named Mayweather the highest paid athlete of the decade, with $915 million in earnings. Of that, he pocketed more than $500 million, alone, for his 2015 and 2017 fights with Manny Pacquiao and Conor McGregor.

Mayweather started his professional boxing career in 1996 and retired in 2015 with a record of 49-0. He came out of retirement in 2017 to fight famed MMA fighter McGregor.

The 5,200-square-foot home was built in 2015 and features white glass and wood flooring, floor-to-ceiling windows in almost every room, and has a Cameo white lacquer kitchen, according to a previous listing.

The outdoor area is fit for a champ too, including an infinity-edge pool, 80 feet of water frontage with a boat dock and 10-foot tall Ipe wood privacy walls.

Pine Tree Drive, which runs along the Intracoastal Waterway, has had plenty of high-priced waterfront sales recently. HES Group’s managing partner and founder sold a waterfront home on Pine Tree Drive for $7 million, an auto insurance mogul sold a 10,000-square-foot mansion for $7.3 million and JFK’s nephew, Anthony Kennedy Shriver, sold his Pine Tree Drive home for $8.15 million.






    Related Articles

    arrow_forward_ios
    Jessica Goldman Srebnick with 6686 Roxbury Lane and 4511 Lake Road (Google Maps)
    Jessica Goldman Srebnick trades Miami Beach home for Bay Point mansion
    Jessica Goldman Srebnick trades Miami Beach home for Bay Point mansion
    Joseph Chetrit and a rendering of the Collins Park project (Getty, Kobi Karp)
    Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
    Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
    Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
    Trump town: Eric and Lara buy home near Don Jr. in Jupiter
    Trump town: Eric and Lara buy home near Don Jr. in Jupiter
    Fontainebleau Miami Beach, Jeffrey Soffer and former President Donald Trump (Ebyabe/Wikipedia, Getty, iStock)
    Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
    Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
    Andres Isaias and Alejandro Diaz-Bazan with 6385 Pinetree Drive Circle, Miami Beach (Google Maps)
    Andian Group buys waterfront Miami Beach estate for $19M
    Andian Group buys waterfront Miami Beach estate for $19M
    Dave Portnoy with the Morningside home (Getty, 5811 North Bayshore Drive/Dora Puig)
    Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
    Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
    Orhan Kilic and 1101 North Venetian Drive. (Kilic Seafood, Berkshire Hathaway Home Services)
    Turkish aquaculture magnate sells his waterfront Venetian Islands teardown for $6M
    Turkish aquaculture magnate sells his waterfront Venetian Islands teardown for $6M
    Eddie Irvine and his Hibiscus Island home. (Getty, Compass)
    Eddie Irvine drops $11M for waterfront Hibiscus Island home, plans renovation
    Eddie Irvine drops $11M for waterfront Hibiscus Island home, plans renovation
    arrow_forward_ios

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

    Loading...