Marcelo Claure, the co-owner and president of David Beckham’s Inter Miami Major League Soccer franchise, has plunked down $11.1 million for a waterfront estate at 5212 N. Bay Road in Miami Beach.

But Claure won’t be moving into the four-bedroom three-bath estate built in 1929. Instead, the Bolivian native, who also owns the Club Bolivar soccer team, will tear down the 5,356-square-foot home and build himself “the mansion of his dreams,” according to the New York Post.

Claure is also the CEO of SoftBank Group International, the Japanese conglomerate that infused the struggling We Work with $1.1. billion in financing earlier this month to help the troubled company reorganize.

The home was originally put up for sale in 2019 for $13.4 million. Claure was represented in the purchase by Nelson Gonzalez, of Berkshire Hathaway HomeServices EWM Realty.