Keith Menin Buys Don Browne’s Waterfront Miami Beach Home

Developer and hospitality mogul Keith Menin paid $16.1 million for the waterfront Miami Beach home that belonged to the late Don Browne, former president of Telemundo.

Menin said he acquired the 5,552-square-foot, five-bedroom, seven-bathroom home at 5300 North Bay Road. The sale closed late last week, according to the Multiple Listing Service. A trust in Browne’s name sold the property.

Danny Hertzberg with Coldwell Banker’s the Jills Zeder Group represented Browne’s estate. Menin’s wife, Evelyn Menin with Luxe Living Realty, represented Menin.

The 0.3-acre property hit the market in December for $23 million, and the price was reduced in January to just under $20 million. That means it sold at a 30 percent discount off the original asking price.

Menin plans to renovate the house into the Mediterranean-modern style his company, Menin Homes, uses, and resell it off-market, he said. Menin, who lives on Fisher Island with his family, is a principal at Miami-based Menin Hospitality and owner of Bodega Taqueria and Tequila. His Menin Homes has bought, renovated and sold other homes in Miami Beach.

Browne, a longtime journalist and executive at NBC News, and his late wife Maria Junquera Browne, paid $4.2 million for the North Bay Road home in 2003. The house was completed in 1998. Browne died in August of complications from brain cancer, two years after his wife died of complications from stomach cancer, according to their obituaries.

Their former home features 75 feet of water frontage, a dock, pool and loggia, and a separate two-bedroom guest house, according to the listing.

Hertzberg also has the listing for the waterfront mansion next door at 5310 North Bay Road, which is asking $29.9 million. The 8,540-square-foot, six-bedroom home also sits on a 0.3-acre lot. It was fully renovated and listed for sale in January for $31.5 million. The price was dropped later that month.

Billionaire media mogul Barry Diller recently closed on his $45 million purchase of a 1.5-acre waterfront lot at 5930 North Bay Road. That sale sets a record for the street. Related Companies’ Bruce Beal Jr. sold the property.