Real Estate News

After $11.1M sale, SoftBank CEO wants a modern mansion to replace his Miami Beach pad

SoftBank CEO Marcelo Claure submitted plans to replace his existing Miami Beach residence with a sleek, Kobi Karp-designed house. Above: A rendering of the project.
SoftBank CEO Marcelo Claure submitted plans to replace his existing Miami Beach residence with a sleek, Kobi Karp-designed house. Above: A rendering of the project. Kobi Karp

SoftBank CEO Marcelo Claure wants to replace his multimillion-dollar waterfront house with a modern mansion.

Claure submitted plans to the City of Miami Beach Design Review Board to demolish his existing residence and build a new 2-story single-family home at 5212 North Bay Road, according to an application filed in May. The board is expected to review his plans in September.

The Bolivian-American businessman made Miami his permanent home in 2018, five years after SoftBank acquired his cellphone distribution company Brightstar for $1.3 billion. He then became CEO of the SoftBank-owned company Sprint. Since then, Claure became a member of the board of directors for T-Mobile and executive chairman for WeWork. He is also a co-owner of the soccer club Inter Miami CF.

He bought his current residence last year for $11.1 million.

A new 14,126-square-foot residence would include seven bedrooms, seven bathrooms and a half bath, two staff quarters, office, gym, spa with sauna and a cold plunge, pool, dock and two rooftop lounges large enough for a dining table and lounge.

It would replace Claure’s existing 2-story, 6,390-square-foot house. Built in 1929 and expanded in 1986, the single-family home has four bedrooms and three bathrooms. A pool, cabana and dock overlook Biscayne Bay in the backyard.

Other Miami Beach residents have also submitted applications to change their existing pad with a modern residence, including Thoma Bravo co-founder and managing partner Orlando Bravo and horror film producer Lawrence Kuppin.

This story was originally published August 18, 2021 at 2:13 PM.

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Rebecca San Juan
Miami Herald
Rebecca San Juan writes about the real estate industry, covering news about industrial, commercial, office projects, construction contracts and the intersection of real estate and law for industry professionals. She studied at Mount Holyoke College and is proud to be reporting on her hometown. Support my work with a digital subscription
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