5130 North Bay Road and Ricky Martin
Singer Ricky Martin has sold his Miami Beach home for $10.6 million to an undisclosed buyer, the Miami Herald reported.The property, which is located at 5130 North Bay Road, has 10,000 square feet. North Bay Road is the home to many Miami celebrities, including two members of the Miami Heat: Dwyane Wade and Chris Bosh. Martin previously sold another Miami-area property in Golden Beach for $6.3 million last year. [Miami Herald]
South Florida was just as shocked as the rest of the sporting world when LeBron James and Chris Bosh decided to join the Miami Heat in July, but a banner year for Miami sports has turned into a solid one for the higher-end real estate market, with Miami Heat’s Big Three — James, Bosh and Dwyane Wade — leading a year of high-profile purchases and sales by local athletes. The Heat stars weren’t the only ones buying or selling high-end properties in South Florida — athletes from baseball, football and basketball have purchased some of the area’s biggest and most expensive homes in 2010, led by Chris Bosh. See the list after the jump. [more]
Miami Heat star Dwyane Wade has settled on a $10.65 million Miami Beach home with more than 150 feet of bay frontage and a tennis court that he plans to turn into a basketball court, after months of speculation about his and his new teammates’ South Florida real estate searches. His broker, Gloria Salom of Beachfront Realty, called Wade’s house hunt of at least 50 coastal homes “a project-and-a-half,” but even after the exhaustive search, Wade went into contract on the six-bedroom property, which is just blocks away from Chris Bosh’s new house, sight-unseen. The seller was Mel Harris. [WSJ]
New Heat power forward Chris Bosh has purchased a 12,000-square-foot
home on exclusive North Bay Road in Miami Beach, the real estate firm
listing the property, Engel & Voelkers, said Friday. The seven-bedroom, eight-bathroom mansion at 6396 North Bay Road, which was built in 2009, sold for $12.5 million, $3.5 million less than the listing price. The seller was Glenna Norton, who developed
the property, completing the home in March of last year. The home is one
of the so-called “leftover houses” in Miami Beach, a term coined by
high-end realtor Nelson Gonzalez. [Miami
Herald]
The retail properties are across the street from the AAA
Less than 30 days after the Miami Heat signed all-stars LeBron James,
Dwyane Wade and Chris Bosh, an investor has purchased three contiguous
retail condos in Marina Blue, which is just across the street from the
American Airlines Arena. Sunny Isles Beach investor Sergey Novov paid
$2.1 million for 5,100 square feet of ground-floor retail space,
according to the latest report from Condo Vultures. Industry watchers
said the space likely will become a restaurant and bar, with possibly a
microbrewery. TRD
The Miami Heat have signed four new marquee free agents from other
teams, including superstars LeBron James and Chris Bosh, and with Dwyane
Wade also looking for a new home, realtors are fighting like mad to be
picked to help them find their new digs. James is still
looking for a house, contrary to previous reports. “The realtors, some of them are
desperately throwing themselves at these [athletes],” said Hazel
Goldman, who recently sold Wade’s home in Pinecrest. “They’re trying to
show that they’re the ones that have the ‘in’ and know the market and
what to buy.” Ron Shuffield, president of Esslinger-Wooten-Maxwell, said
the stars could boost the high-end sector of Miami real estate. [Miami
Herald]
