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South Florida by the numbers: March Madness/Miami basketball

By Master Brokers Forum | March 21, 2017 12:45PM

American Airlines Arena (Credit: Edgar Serrano)

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

Seems like only yesterday that Miami was the epicenter of the basketball universe. After the 2013 NBA Finals, the Heat had just won two straight NBA titles, with three of the best players on the planet on its roster, and the promise of a long championship dynasty.

Four short years later, “The Big Three” may be all gone (along with the world’s attention), but Miami basketball remains very much alive and well, thanks to a scrappy new Heat squad fighting for a playoff spot, and a University of Miami Hurricanes team that has become a regular fixture in the “March Madness” NCAA tournament. Miami real estate also remains highly desirable to NBA players, alumni, and coaches, drawn to the city’s climate, culture, dining, and lifestyle. Let’s take a look at the Miami basketball-real estate connection in this edition of “South Florida by the numbers.”

$2.475 million: February 2017 sales price of Miami Heat head coach Eric Spoelstra’s Coconut Grove house, purchased in May 2016. Spoelstra took a $125,000 loss in the transaction, and has moved to a new, undisclosed waterfront home. [TheRealDeal]

148-A: Section in Hard Rock Stadium where Miami Dolphins fans can find Grown; a healthy fast-food concept restaurant owned and operated by former Miami Heat player Ray Allen and wife Shannon. Grown has another location in South Miami, near Dadeland Mall. [Eater]

$4.85 million: Price of Tyler Johnson’s Pinecrest mansion, which the Miami Heat combo guard purchased after signing a $50 million deal with the team. The home includes six bedrooms and 10 bathrooms, dual chef’s kitchens, a media room, entertaining room, advanced security system, elevator, and a half-court basketball court. [TheRealDeal]

$330,000: Most recent asking price of Glen Rice’s condominium unit in the downtown Neo Vertika building. The former Miami Heat great bought the unit 11 years ago for $317,000, and originally tried listing it a year ago for $460,000. [GossipExtra]

7,200: Square footage of Miami rapper Flo Rida’s new Hialeah home, which features a Miami Heat-themed basketball court outside. The five-bedroom, five-bathroom home was originally owned by the “My House” artist’s producer, who purchased the property for $520,000 in 2012. [Curbed]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.