One headline-making real estate deal in the South Florida market is illustrating just how celebrity capital is reshaping the landscape.

Pop music icon The Weeknd – whose real name is Abel Tesfaye – is under contract to purchase a $54.9 million waterfront property in the exclusive Coral Gables neighborhood.

"I think it brings an excitement to the community. It's like, okay, wow, we have somebody that brings us a buzz," Compass agent Maurice Boschetti told Fox News Digital. "But I think my clients specifically, and I know a lot of people in Coral Gables, I think they're more excited about the purchase price than it being The Weeknd."

The eight-bedroom, nine-bathroom and several half-bathroom mansion sits on 1.5 acres within a V-shaped peninsula, Realtor.com reported. It also comes with

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