Heat’s Luol Deng buys waterfront Miami home

Small forward pays $4.6 million for five-bedroom house in city's Morningside neighborhood

TRD MIAMI /
Sep.September 02, 2014 11:15 AM

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.


Related Articles

arrow_forward_ios
Eighty Seven Park (iStock)

Eighty Seven Park’s priciest penthouse sells for $37M

Eighty Seven Park’s priciest penthouse sells for $37M
Residential sales surged in South Florida in the third quarter (Credit: iStock)

Single-family saves the day. Q3 resi sales up in South Florida

Single-family saves the day. Q3 resi sales up in South Florida
2120 Bay Avenue (Realtor)

Renter who sought to ride out pandemic in Miami Beach home sues owner, brokerage over alleged filthy conditions

Renter who sought to ride out pandemic in Miami Beach home sues owner, brokerage over alleged filthy conditions
Mark M. Rubin & Howard M. Lorber

Movers & Shakers: Related taps Douglas Elliman for condo sales & more

Movers & Shakers: Related taps Douglas Elliman for condo sales & more
1776 Bay Drive, Miami Beach (Courtesy of Douglas Elliman)

Waterfront Normandy Isles home sells for record $7M

Waterfront Normandy Isles home sells for record $7M
Michael Wekerle & 1000 Riviera Isle Drive (Credit: Google Maps and Isaiah Trickey/FilmMagic via Getty Images)

Fort Lauderdale estate built for Anheuser-Busch CEO hits the market at $19M

Fort Lauderdale estate built for Anheuser-Busch CEO hits the market at $19M
100 Las Olas & Pietro Belmonte, Marc Brandt, Gigi Giusti

Douglas Elliman takes over sales of 100 Las Olas from OneWorld Properties

Douglas Elliman takes over sales of 100 Las Olas from OneWorld Properties
Sofia Joelsson and Lee Ann Edwards

Movers & Shakers: Interior designer joins Douglas Elliman team & more

Movers & Shakers: Interior designer joins Douglas Elliman team & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...