Miami Heat are big players in SoFla real estate

Miami /
May.May 31, 2013 12:00 PM

Miami Heat players are on fire on and off the court, buying and selling some of the region’s biggest-ticket real estate, South Florida Business Journal reported.

Power forward Lebron James paid $9 million for a 12,000-square-foot property with six bedrooms and eight-and-a-half bathrooms on the bay in the verdant Miami exurb of Coconut Grove, the Journal said.

Center Chris Bosh picked up a 12,000-square-foot property of his own on North Bay Road in Miami Beach for $12.5 million.

Also on North Bay Road, Dwyane Wade, the Heat’s starting point guard, paid $10.65 million for a 13,000-square-foot waterfront property.

Shooting guard Mike Miller’s six-bedroom, 9,000-square-foot home in Pompano Beach was sold at auction for $3.36 million, a steep discount from the $5.4 million he paid for the property.

Heat President Pat Riley traded his Gables Estate mansion, which he sold for $16.75 million, for a 6,200-square-foot penthouse at the Apogee building in Miami Beach, for which he paid $11.75 million.

Former Heat center Shaquille O’Neal sold his six-bedroom, seven-bathroom, 18,400-square-foot home on Miami Beach’s Star Island for $16 million in June 2009, after it languished on the market four years. [South Florida Business Journal]Emily Schmall


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