Luol Deng, one of the Miami Heat’s newest additions, plunked down $4.6 million for a waterfront home in the city’s Morningside neighborhood, The Real Deal has learned.
The small forward closed on the all-cash purchase of the 5925 North Bayshore Drive house on Friday, according to EWM Realtors International senior vice president Nelson Gonzalez, who handled the listing on behalf of seller Saad Mahmoud. Deng signed a two-year contract with the Heat in July. His new home has five bedrooms and nearly 3,400 square feet of living space.
Miami-Dade County has not recorded the transaction. The home was listed with a $4.85 million asking price.
Mahmoud paid about $1.03 million for the 32,445-square-foot property in June 2001. The home was originally constructed in 1928.
Features include a chef’s kitchen, heated pool, hot tub with a waterfall, a large dock with a boatlift and a two-story guesthouse. Deng plans to renovate the main house, according to Gonzalez.
“This is a fabulous lot with a very nice dock and view of the bay,” Gonzalez told TRD. Deng “wanted something with a larger lot and was looking at things over in Miami Beach. But when he saw this he immediately fell in love with it.”
Deng was represented by Oren Alexander of Douglas Elliman Real Estate and Carolina Lara of Fonseca Duek Realty.