UPDATED, Nov. 1, 3:10 p.m.: Music manager Adam Kluger, whose clients include Bhad Bhabie and Lil Yachty, picked up a waterfront Miami Beach pad for $9.5 million.
Kluger acquired the seven-bedroom, 5,863–square-foot home on Alton Road, according to a source. Property records show the seller is Global One Investment Group. It last sold for $3.5 million in 2019.
The Miami Beach house sits on a 16,000-square-foot lot with 100 feet of water frontage. The Mediterranean-style home has six bathrooms, two half-bathrooms, a pool and dock.
Dina Goldentayer of Douglas Elliman represented the buyer and seller.
Kluger, who grew up in Tampa, is based in Los Angeles and Miami Beach. He’s founder and CEO of the Kluger Agency, a music management firm and advertising agency that focuses on product placement in the music industry. The firm has worked with artists who include Britney Spears and Lady Gaga. He also represented Bhad Bhabie, a Florida native, in her multimillion-dollar recording contract with Atlantic Records, beginning about four years ago.
There’s been a migration of buyers from the music industry to South Florida. Steve Stoute, founder and CEO of the music distribution company United Masters, is part of a group of investors that purchased a Miami Beach estate in September for $28.1 million. Stoute and his wife leased back the property.
Also recently, music label executive Carl Austin Rosen, whose hit song co-writing credits include rapper Post Malone’s “Rockstar,” paid $5.6 million for a Miami Edgewater building that could house his studio, Electric Feel.
Luxury waterfront home sales have remained strong throughout Miami Beach and South Florida. On Miami Beach’s Venetian Islands, a trust paid nearly $23 million for a waterfront home on Di Lido Island in September.
In October, Paulo Bacchi, the owner of luxury furniture and staging company Artefacto, purchased a waterfront home on Palm Island in Miami Beach for $5.3 million.