Grammy-winning artist Abel Makkonen Tesfaye, professionally known as The Weeknd, has expanded his luxury real estate portfolio with the purchase of a sprawling waterfront mansion in Miami’s prestigious Gables Estates neighborhood.
The celebrated singer-songwriter reportedly signed a purchase contract in September 2025 for the property at 41 Arvida Parkway, Coral Gables, paying approximately $54.9 to $55 million for the luxurious estate.
Grammy-winning sensation The Weeknd expands his real estate empire with a $55 million waterfront mansion purchase in Miami’s elite Gables Estates.
The 18,963 square foot mansion, situated on a 1.2-acre point lot, features eight bedrooms and nine-and-a-half bathrooms in a contemporary architectural style completed in 2018.
The property’s previous owner, oil recycling mogul Steven Lempera, had purchased the home at auction in 2019 for $25.5 million, reflecting a substantial appreciation in value over six years.
Perhaps the most notable feature of The Weeknd’s new acquisition is the expansive dock space, which has been designed to accommodate a megayacht or multiple vessels – basically a yacht empire.
The waterfront location provides direct ocean access, a coveted amenity in South Florida’s luxury real estate market.
The mansion boasts impressive outdoor amenities including a 62-foot infinity pool, hot tub, and outdoor kitchen, all designed to maximize Miami’s year-round pleasant climate and integrate indoor-outdoor living.
Listing agents Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty handled the transaction.
This purchase marks The Weeknd’s first publicly known real estate acquisition in South Florida, though the artist is no stranger to high-end properties.
In 2021, he invested $70 million in a Bel Air mansion, establishing himself as a serious player in the luxury real estate market.
The transaction aligns with a broader trend of celebrities and high-net-worth individuals investing in Miami’s premium waterfront properties.
The area has increasingly become a cultural and luxury hub for entertainers seeking privacy combined with amenities supporting a lavish lifestyle.
With its modern finishes, water access, and substantial living space, the property offers The Weeknd both a private retreat and an entertainment showcase befitting his status.
The artist’s real estate investments represent just one aspect of his diversified portfolio, which likely includes sync licensing deals for his music in films and commercials, another lucrative revenue stream for successful musicians.
Inside, the home features a dramatic double-height foyer with two floating staircases that enhance its minimalistic aesthetic appeal.
The artist will be joining an exclusive community that Zillow has recognized as the most expensive neighborhood in the United States, known for its luxurious waterfront properties and high-profile residents.
The Weeknd, who has mastered royalty structures across multiple streaming platforms, continues to invest his music earnings in tangible assets like real estate.
