South Florida by the numbers: Miami Heat and NBA tip-off
“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
The NBA season tipped off this week, and your Miami Heat have some big expectations after finishing last year’s second half with 30 wins and just missing the playoffs. The team kept its core intact and added some quality players this off-season, which should make them competitive in a weakened Eastern Conference. While the glorious “Big Three” era will always cast a large shadow over this franchise (as Dwyane Wade teams up once again with LeBron James in Cleveland), the Heat continues to be a major presence in the region. We examine pro basketball’s impact on Miami real estate and business in this edition of “South Florida by the numbers.”
$5.25 million: Asking price for Miami Heat guard Tyler Johnson’s 10,138-square-foot Pinecrest mansion, purchased for $4.83 million in August 2016. [The Real Deal]
$40,000: Proposed monthly rent for former Chicago Bulls all-star Scottie Pippen’s 10,484-square-foot Fort Lauderdale mansion, originally listed for sale at $11.8 million in 2014. The former NBA champion has reduced his asking price for the home twice, and even tried luring buyers with an additional yacht along with the home, but with no success. [The Real Deal]
$125,000: Loss absorbed by Miami Heat head coach Eric Spoelstra on the sale of his Coconut Grove house earlier this year. The two-time NBA champion paid $2.6 million for the five-bedroom home in 2016, listed it in January for $2.7 million, and sold it for $2.475 million. The house sits on a 32,706-square-foot lot with tropical landscaping and a canopy of oak trees. [The Real Deal]
8,639: Square footage of former NBA superstar (and, briefly, Miami Heat player) Anfernee “Penny” Hardaway’s Pinecrest mansion, currently listed for $3,599,000. The estate was built in 2007 and has six bedrooms, eight bathrooms, a gourmet chef’s kitchen, home theater, gym, coffered ceilings, and outdoors basketball court. It’s listed with Master Brokers Hazel Goldman and Evan Goldman. [Curbed]
$18.5 million: Closing price for Professional Center at the Gardens in Palm Beach Gardens, in a deal brokered earlier this year by Miami Heat broadcaster John Crotty, who is also a successful commercial real estate broker. The former Utah Jazz and Heat player lives in Coral Gables, analyzes home games on the radio from the AmericanAirlines Arena, and appears on pre-game and post-game television shows from a studio in Fort Lauderdale. [Palm Beach Post]
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.