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South Florida by the numbers: Dwyane Wade comes home

By Master Brokers Forum | February 19, 2018 08:45AM

Dwyane Wade and the Miami skyline (Credit: Wikimedia Commons)

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

He’s back! After a year-plus absence in the NBA wilderness, Dwyane Wade returned to the Miami Heat this month, in a shocking trade that seemed to come out of nowhere. Wade spent 13 seasons with Miami, leading the team to three NBA championships and becoming South Florida’s most beloved sports icon. (We love you, Dan Marino , but D-Wade is our guy here at South Florida by the numbers headquarters.) At 36, “Flash” may not be the same player he once was, but his presence has already improved a Heat team fighting for a playoff spot.

Much like the basketballs he dribbles so well, Wade has had an up-and-down relationship with real estate over the course of his career, taking him from Pinecrest to downtown Miami to Miami Beach. Let’s welcome #3 home and explore his local real estate legacy in this edition of “South Florida by the numbers.”

$1.5 million: Loss absorbed by Wade on the 2010 sale of his 9,000-square-foot Pinecrest home which was the result of a difficult divorce and a “sinking” real estate market at the time. He originally purchased the home in 2005 for $3.9 million, and sold it at a 37 percent loss. [NBC]

$10.65 million: Price of the Miami Beach home Wade purchased in late 2010, the same year LeBron James and Chris Bosh joined the team to launch the Heat’s “Big Three” era. Located on North Bay Road, the Mediterranean-style mansion featured 13,000 square feet of living space, 150-plus feet of bay frontage, a tennis court, a cabana with a wet bar, a one-bedroom guest house and an air-conditioned “dog house.” [WSJ]

3,300: Square footage of a three-bedroom unit in downtown Miami’s Vizcayne condominium, where Wade lived (supposedly rent-free) in 2013. The actual owner was an entity controlled by New York hedge fund Rockwood Capital, which acquired 663 units at Vizcayne via a $142 million bulk deal in November 2010. [TheRealDeal]

5: Number of “wardrobe changes” at Wade’s 2014 wedding to movie star Gabrielle Union, held at the extraordinary Chateau Artisan castle designed by architect Charles Sieger in Miami’s Redlands neighborhood. The “must-be-seen-to-be-believed” estate features a giant landlocked moat, gatehouse, and formal gardens, and was listed at the time for $10.9 million. [Curbed]

0: Number of episodes we could find of a much-hyped 2016 HGTV series called the “Gabrielle Union and Dwyane Wade Project”. The show was touted as a celebrity and South Florida-based version of the network’s popular “Flip or Flop” program, in which experts try to renovate, revitalize, and resell homes. Wade’s departure from the Heat in July 2016 (the show was announced in March 2016) may have made the show’s production too challenging to complete. [MiamiHerald]

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.