The famous 5 Star Island Estate is on the market for a whopping $49,995,000. The estate is well known for the dozens of parties, music videos, commercials and televisions shows that take place there. It is located at 5 Star Island Drive on the exclusive Star Island in Miami Beach, FL. It was built in 1997 by Thomas Kramer and boasts 29,000 square feet of living space spread out over multiple buildings with a total of 13 bedrooms and 12 full and 4 half bathrooms. It boasts a 7000 sq. ft. main house with 3 bedrooms and 4 bathrooms, 2 guesthouses featuring 6 suites and 8 bathrooms, additional studio apartment available on property, stunning European designed courtyards and fountains, ornate Italian tiled swimming pool, multi-leveled terraces throughout, air-conditioned cabana with full kitchen and sauna, climate controlled 8-car garage and 100 feet of bay frontage with private boat ramp and dock. The estate can be rented for $2,000 for backyard-only events or $20,000 for the whole estate with up to 20 over-night-guests.