The former Genesis singer grabbed the opportunity to buy the mansion on 5800 North Bay Road - looking out over the Biscayne Bay - from a private equity firm owner who paid only $13.9 million for the property in 2005.
According to the New York Post newspaper, the incredible property boasts an incredible view of the Miami skyline, seven bedrooms, eight bathrooms, a koi fish pond, an outdoor kitchen, boat dock, and swimming pool.
The 64-year-old British musician - who also has a property in New York and a main home in Begnins, Switzerland, where he lives with his wife Orianne Cevey and their sons Nicholas and Matthew - is said to have been drawn to the Miami house because ''he was really looking for a big piece of land'', according to The Wall Street Journal.
Private equity business owner Mark Gainor thinks celebrities like the Mediterranean-inspired property - which was made in the 1920s and comes complete with over an acre of land - because it's ''very private''.
Mark had spent three years renovating the residence, which involved removing the roof and reworking the rooms of the second floor.
Listen to their new single 'People Change'.
For the first, and almost certainly last, time Cambridge indie rockers Mallory Knox performed at The Booking Hall in Dover.
'Devour You' is a fantastic follow up to Starcrawler's debut album and represents a move on in terms of sound and, in part, direction.
Salvation Jayne's third birthday bash was a riot of colour and a celebration of a band very much enjoying what they do.
We're feeling the nostalgia this month.
American Thighs was released on this day in 1994.
Gloo is a new supergroup consisting of UK mystic-beat producers Iglooghost and Kai Whiston as well as nu-pop singer/producer BABii.
Listen to her new single Forgive Me now.