Miami Beach mansion sells for $27M in an all -cash deal — after last trading hands for $16.1M in 2024

A Miami Beach mansion has made headlines by selling for $27 million in an all-cash deal, marking a significant $10.9 million profit for its sellers, hotelier Keith Menin and Rockstar Energy founder Russell Savage. This substantial jump in property value highlights the booming real estate market in Miami, particularly in luxury properties. The quick sale underscores the high demand for prime real estate, even in a market that's seen fluctuating trends during the pandemic. This transaction could influence future property investments and pricing in the region.