Former Gold Coast home of Dwyane Wade sells for $5.8M

Property underwent major renovations in the late 2010s

Dwayne Wade and 1432 N State Pkwy, Chicago (Getty, Zillow)
Dwyane Wade and 1432 N State Pkwy, Chicago (Getty, Zillow,Illustration by Priyanka Modi for The Real Deal)

A Gold Coast mansion that once housed an NBA star and a fictional TV family sold for $5.8 million, the 38th Chicago-area home to top $5 million so far this year.

The 9,100-square-foot home at 1432 North State Parkway sold for the second time in 18 months, Crain’s reported. Real estate developer Jerald Lasky, who owned the house via a trust that concealed his identity, paid $5.26 million for the home in February 2021.

Lasky, who made about a profit of about 10 percent on the sale, first listed the property in June with an asking price of $6.5 million. The listing was taken down two weeks later and the sale was posted at the end of July. The new owner bought the home via a legal entity that conceals their identity.

The sale of the home reflects a strong luxury housing market in the Windy City, where 49 homes hit the $5 million threshold, up from 20 in 2020.

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Built in 1883, the State Parkway home underwent a multiyear renovation and expansion by real estate developers Randy and Steve Fifield after they bought it in 2011 for almost $5 million.

The house was the fictional home of the family in the 1980s TV sitcom “Webster,” which starred Emmanuel Lewis playing an orphan adopted by his godparents.

In 2016, Chicago native Dwyane Wade, who had just left the Miami Heat for the Chicago Bulls, rented the home as well. Just before Wade’s arrival, it had been listed for $9.5 million. Three years later, in 2019, the home was back on the market, this time asking $7.9 million.

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Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
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— Victoria Pruitt