Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
After years on and off the market, the property’s asking price was raised to $15M in March
Barstool Sports founder and pizza connoisseur Dave Portnoy is the buyer of a bayfront Miami home that sold last month for nearly $14 million, The Real Deal has learned.
The sale marks a record for the city’s Morningside neighborhood.
The sometimes controversial internet celebrity, who calls himself “El Presidente,” purchased the house at 5811 North Bayshore Drive in mid-April, according to sources. Property records show the seller was Krueger Property Holdings & Investments LLC, led by Lilian Kruger.
Portnoy purchased the nine-bedroom, eight-and-a-half-bathroom home via StellaBean Holdings LLC, which is named after his dog, Stella, who died in 2019.
The previous record in Morningside was set by the $8.1 million sale of 5901 North Bayshore Drive, which longtime film producer Douglas Cramer and his husband Hubert Bush acquired in January. Before that, the record in Morningside was $6.4 million for a house that sold in 2013.
Portnoy’s property has been on and off the market for years. In March, the price was raised to nearly $15 million. The roughly 6,100-square-foot house was built in 1939 on a 1-acre lot. It includes a pool.
Dora Puig of Luxe Living Realty was the listing agent, and Artur Fruman of AFS Living represented the buyer, according to Realtor.com. Puig was not immediately available for comment. Fruman declined to comment.
Portnoy founded Barstool Sports as a sports blog in 2003. Early last year, the Chernin Group, which owned a majority stake in the media company, announced it was selling 50 percent of Barstool to Penn National Gaming, in a deal that valued the company at $450 million.
Before he acquired his Miami home, Portnoy was renting Floyd Mayweather Jr.’s former Miami Beach house for $200,000 a month, according to Page Six.
The Morningside home previously sold for $2.2 million in 2010, property records show.
Luxury homes have been setting new records all over South Florida, as a deluge of buyers face a limited supply of high-end houses.