The Weeknd Under Contract to Purchase $55M Waterfront Mansion in Coral Gables

International music superstar The Weeknd—whose real name is Abel Tesfaye—is under contract to purchase a luxury waterfront estate in Coral Gables, last asking $54.9 million, according to multiple sources including The Wall Street Journal, and Architectural Digest. The purchase marks the Canadian-born singer’s first foray into South Florida real estate and adds yet another high-profile name to the growing list of celebrities choosing Coral Gables as their new home base.

A Trophy Estate in Gables Estates

The property, located at 41 Arvida Parkway within the prestigious Gables Estates community, offers the ultimate in privacy and grandeur. Set on a 1.24-acre peninsula, the estate boasts an astonishing 574 feet of water frontage, providing panoramic bay views and docking space for a mega-yacht up to 200 feet long.

Spanning nearly 19,000 square feet, the mansion features eight bedrooms, nine-and-a-half baths, and a design that blends contemporary luxury with Mediterranean influences. Highlights include double-height ceilings, floating staircases, an infinity-edge pool with coral-inspired mosaics, multiple terraces overlooking Biscayne Bay, and an expansive outdoor entertainment area complete with a summer kitchen.

The property was previously owned by Steven Lempera, an investor who reportedly acquired it for $27.8 million in 2019. If the deal closes near its asking price, Lempera will realize a substantial profit—another sign of the booming high-end market in Coral Gables.

The Weeknd Joins a Growing Celebrity Migration to Coral Gables

The Weeknd’s upcoming purchase is part of a broader trend of celebrities relocating to South Florida for its year-round sunshine, tax benefits, and world-class waterfront lifestyle.

Among the most recent notable buyers is Robbie Williams, who earlier this year acquired a $40 million waterfront estate in Coral Gables’ Old Cutler Bay community. The 19,000-square-foot home sits on an acre peninsula with 435 feet of water frontage, an 18-car garage, a wine cellar, and plans for a possible guesthouse and recording studio. Williams purchased the home—along with approximately $5 million worth of furnishings—from Real Housewives of Miami cast member Dr. Nicole Martin and her husband Anthony Lopez.

Another global music icon, Pharrell Williams, also owns a lavish waterfront property in Coral Gables, which he purchased a few years ago for approximately $30 million. Interestingly, The Weeknd and Pharrell have collaborated musically in the past—now, they may soon share the same zip code.

These acquisitions reflect Coral Gables’ emergence as one of South Florida’s most coveted enclaves for high-profile residents, rivaling longtime celebrity strongholds like Miami Beach’s North Bay Road and Indian Creek Island.

What This Means for the Coral Gables Market

The Weeknd’s pending purchase is poised to set a new benchmark for Coral Gables’ ultra-luxury real estate market. While $50 million–plus deals were once rare outside Miami Beach, recent closings and contracts show increasing demand for trophy waterfront properties offering privacy, acreage, and deep-water dockage.

Industry experts say the trend is being fueled by:

• Tax advantages — Florida’s lack of state income tax continues to attract wealthy buyers relocating from California, New York, and abroad.
• Unmatched waterfront lifestyle — Coral Gables’ canals and bayfront estates offer direct ocean access with the ability to dock superyachts, a rarity even in South Florida.
• Rising prestige — As more celebrities and executives move into Gables Estates and Old Cutler Bay, the area’s profile continues to climb.

With The Weeknd joining the neighborhood’s growing roster of A-listers, Coral Gables is fast cementing its reputation as the new luxury epicenter of Miami’s residential scene.