Is another famous billionaire moving to Miami Beach? Elon Musk landed in the bay
Is Elon Musk going all 305 on us? That’s what locals want to know.
Because the New York Post is reporting the world’s richest man was recently spotted sniffing around one of Miami Beach’s most elite streets, North Bay Road, at the site of an under-construction mega-mansion.
“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 the outlet, adding he doesn’t “get involved in who sees it.”
The property the Tesla and Space X founder was rumored to be perusing is at 5940 North Bay Rd., a six-bedroom, 18,000-square-foot-plus estate built in 1936. Boutique architecture firm Domo, based in New York City, is behind the eco-friendly design. The company shared the Post exclusive on Instagram. Aerial pictures are posted on Glaser’s official website.
Musk, who is worth an estimated $827.9 billion, would indeed be in illustrious company — four out of five of the richest people in the world now own homes in the Miami area.
Google co-founders Larry Page and Sergey Brin, as well as Meta CEO Mark Zuckerberg, the world’s second-, third- and fifth- richest men, respectively, all made major South Florida real estate purchases in recent months.
Page reportedly spent more than $170 million on an assemblage of waterfront properties in Coconut Grove in Miami, and Brin reportedly bought a house on Allison Island in Miami Beach for over $50 million.
Zuckerberg bought an under-construction waterfront mansion in “Billionaire Bunker” Indian Creek Village, near Miami Beach, for $170 million, making it the most expensive home ever sold in Miami-Dade County. Amazon founder Jeff Bezos, the world’s fourth-richest man, moved to Indian Creek in 2023.
Musk’s neighbors on North Bay Road would include David and Victoria Beckham, who in 2024 bought a nearby spec house for $80 million. Also in the posh neighborhood: supermodel Karlie Kloss and her billionaire businessman husband Josh Kushner, who snatched up an eight-bedroom mansion nearby during the height of the pandemic in late 2020 for $23.5 million.
Regardless of who the owner is down the line, the new house will be “modern with lots of glass,” completed within the next two years and cost around $300 million, Glaser told the Post. At that price point, the home will likely become the most expensive home sold in Miami-Dade, shattering the record set by Zuckerberg earlier this year.
If Musk does buy the North Bay Road mansion, he’ll likely take advantage of all South Florida has to offer.
The 54-year-old single father of 14 (that we know of) is a semi-frequent visitor to the area. He attended the Miami Grand Prix in 2023 and while working with President Donald Trump at DOGE, was a fixture at Mar-a-Lago in Palm Beach.
But one thing you won’t likely see at his crash pad is a superyacht. Musk, who has a family compound in Austin, Texas, has often talked about his preference to invest rather than splurge.
The Miami Herald reached out to Todd Michael Glaser for comment on Musk’s alleged tour and potential future moves on Thursday and did not immediately hear back.
