Rock star Jon Bon Jovi closed on an oceanfront mansion in Palm Beach for $43 million, after selling his home down the street for less than half of that.

The “Livin’ On A Prayer” artist acquired the seven-bedroom, 10,232-square-foot mansion at 1075 North Ocean Boulevard on the same day he sold the oceanfront home at 230 North Ocean Boulevard for $19.8 million, records show. Bon Jovi used the same LLC that sold the smaller home to purchase the larger one.

Christian Angle of Christian Angle Real Estate represented Bon Jovi in both deals, as well as the seller of 1075 North Ocean Boulevard, according to Realtor.com.

The seller of the larger estate is Jeffrey A. Marcus, a cable television mogul. Marcus sold his company to Microsoft co-founder Paul Allen in 1998 and then became president and CEO of the second largest radio company in the U.S., according to his bio. He later joined a private equity firm called Crestview Partners.