To most of us, a four-story multimillion-dollar mansion would be the culmination of decades of dreaming and rising to the top. For music producer and prolific celebrity DJ Khaled, however, it’s just, to use his signature phrase, “another one.”
The 43-year-old entertainer, born Khaled Mohamed Khaled, is unloading his Miami waterfront estate after having upgraded to a new, even more lavish Miami Beach property earlier this year. The listing situated, within Dumbfoundling Bay in Aventura, is being handled by Janet Ben Zvi of ONE Sotheby’s International Realty at a price of $7.99 million.
According to Ben Zvi, Khaled put more than $2.5 million into renovating the property after purchasing it in 2015, adding amenities like a gigantic sneaker closet, 14-karat gold and Swarovski crystal chandeliers, a wine room, a chef’s kitchen and much more. In total, the five-bedroom home covers 13,000 square feet, not including the 80-foot swimming pool and four-bedroom guest house. Perhaps making it even more valuable, Khaled is said to have hosted A-list stars, including Jay Z and Rihanna, at the estate more than once.
In other local real estate news:
- Jade Signature in Sunny Isles Beach was named among the world’s 10 best new skyscrapers this year by design magazine Dezeen. Only one other residential tower made the cut on a list that included Three World Trade Center in Manhattan as well as other skyscrapers in San Francisco, Singapore and China. Jade Signature is one of the Miami area’s newest luxury condo towers, spanning 57 floors directly adjacent to the beach. It was designed by Swiss architects Herzog & de Meuron and developed by Fortune International Group.
- Engel & Völkers Miami announced Dec. 13 that it had acquired independent boutique brokerage Select Realty Group, expanding its presence in the area. Select Realty Group owner and managing broker Magnus Jennemyr will serve as managing director and private office advisor at Engel & Völkers Miami. Jennemyr has 15 years of real estate experience throughout the world and a combined $250 million in total sales to his name, according to a press statement on the acquisition.
- ONE Sotheby’s named its new chief operations officer, Michael B. Koval, Dec. 13 to bolster its technology offerings. Koval previously served as CIO at Long & Foster during its time as an affiliate with Christie’s International Real Estate. Koval’s role will target initiatives at the South Florida brokerage that involve “deploying the latest technology, building a richer resource and data environment for agents, and implementing tools and processes to ensure the company and its agents are performing at the highest level,” according to a press statement.