The Weeknd has purchased a waterfront mansion in the Gables Estates community of Coral Gables for $50 million, marking the highest price ever paid for a home in the city. The sale was confirmed by brokers, although the deed has not yet been filed in public records.
The property, located at 41 Arvida Parkway, was listed for $54.9 million. Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty represented the listing, with Ortiz also bringing in the buyer. Both declined to comment on the identities of those involved.
The Weeknd, whose real name is Abel Makkonen Tesfaye, is a Canadian singer and songwriter who has won four Grammy Awards. He performed at the Super Bowl halftime show in 2021 and starred in HBO’s “The Idol” with Lily-Rose Depp in 2023. In 2021, he acquired a mansion in Los Angeles’ Bel Air neighborhood for $70 million.
The seller of the Coral Gables estate is Steven Lempera, an oil recycling executive who bought it at auction for $25.5 million in 2019. The mansion spans nearly 19,000 square feet and features eight bedrooms, nine bathrooms, two half-bathrooms, a pool, and a dock. Built in 2018 on a 1.2-acre lot, Lempera first listed it for $49.9 million in 2020 and adjusted its price several times over five years before it went under contract this September.
This transaction surpasses Coral Gables’ previous record set by the sale of 650 Casuarina Concourse for $45.3 million in 2022 to an entity connected to Citadel founder Ken Griffin—a deal that ranked among South Florida’s most expensive that year.
Since the pandemic began, high-value residential sales have become more common across South Florida as wealthy buyers relocate to desirable neighborhoods within the region.
Earlier this month saw another notable purchase when Barstool Sports founder Dave Portnoy bought a waterfront mansion in Islamorada for $27.8 million—setting a new record there as well.
