A $300 million modern home in Miami that’s under construction may have caught the attention of Elon Musk, the world’s richest man, several sources told Gimme Shelter exclusively.
Months before Musk and Sam Altman were duking it out in an Oakland, Calif. courtroom over Open AI’s alleged betrayal of its stated origin — to function as a nonprofit dedicated to saving humanity — a certain unnamed billionaire arrived at this property in spectacular fashion.
“He flew by helicopter and landed in [Biscayne] Bay, and came by raft to the land and then back again,” developer Todd Michael Glaser told Gimme Shelter.
So, was it Musk who saw the property?
“He might have,” Glaser said. “I don’t get involved in who sees it.”
(Some brokers interviewed by Gimme say they heard it was Musk; others say that’s “nonsense.”)
Last July, Glaser and a group of investors bought a property at 5940 North Bay Road, the exclusive “Park Avenue” of Miami, for $105 million. It included a mansion built in 1936 on 2.3 acres with 290 feet on Biscayne Bay.
Two months later, they flipped it for $169 million, as Gimme Shelter revealed exclusively.
Now, however, it’s off the market.
Instead of selling the property as is, with plans to build a new home, it is again off-market and a new modern home is under construction to be priced at around $300 million, though that price could change. The former listing was shared by Zachary Vichinsky and Brett Harris of Bespoke Real Estate, and Nelson Gonzalez of Berkshire Hathaway HomeServices.
According to Glaser, the home won’t be shown again until it is completed.
“We’re not going to talk about it until it’s finished,” Glaser said.
“We’re not showing it anymore. We’re not marketing it. It will just pop up like it came out of thin air. It drives the really rich guys crazy. We won’t close until it’s finished. There is no product like it out there. It will be the most amazing house,” he added.
While Glaser “isn’t talking” about specific property details, he did say it will be modern with lots of glass and green rooftop space. It will also be “17 feet above the flood zone,” built with the “newest technology” to withstand hurricanes and it will have a 31-car garage.
Glaser added that “it will hopefully be done in the next two years.”
