The Real Deal Miami

Former Miami Heat player Zydrunas Ilgauskas lists Sunset Island house for $8.3M

Broker Danny Hertzberg seeks buyer for five-bedroom property

August 17, 2012 03:00PM
By Alexander Britell

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Zydrunas Ilgauskas and his Sunset Island home

Former Miami Heat center Zydrunas Ilgauskas has listed his home on Miami Beach’s Sunset Island #1 for $8.3 million, The Real Deal has learned. Ilgauskas listed the five-bedroom, six-bathroom, 5,166-square-foot home with Danny Hertzberg, a sales associate with Coldwell Banker’s The Jills group.

“[Ilgauskas] purchased the home two years ago and completely gutted, renovated and rebuilt the home,” Hertzberg told The Real Deal.

The property also has extremely high ceilings to accommodate Ilgauskas’ 7-foot-3-inch frame.

Ilgauskas purchased the property for $4.7 million in 2011, following his move to Miami to join former Cleveland Cavaliers teammate LeBron James on the Heat. (Ilgauskas had played with James for seven years in Cleveland.) He is currently the assistant general manager for the Cavs.

The home is located at 1475 North View Drive on tony Sunset Island #1 in Miami Beach, an area that has seen significant turnaround since the Lithuanian native first bought the property.

1475 N View Drive

“There was a ton of inventory on Miami Beach’s private islands — there were a lot of lots that had potential, for new construction homes,” Hertzberg said. “That inventory has completely disappeared.”

A number of current Miami Heat players have made their homes in Miami Beach, including Dwyane Wade and Chris Bosh, both of whom live on North Bay Road.

James opted for a home in Coconut Grove.

“This is the kind of home where buyers can come in and not change a single thing,” Hertzberg said. “I think there is a huge demand for that, particularly with the international market — they want to be able to come in and start enjoying the property right away.”

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